Seaboard (NYSEAMERICAN:SEB) Shares Up 6.7% – Here’s Why

Shares of Seaboard Co. (NYSEAMERICAN:SEB) rose 6.7% during trading on Friday . The company traded as high as $2,898.00 and last traded at $2,916.08. Approximately 887 shares were traded during trading, a decline of 63% from the average daily volume of 2,367 shares. The stock had previously closed at $2,734.24.

Seaboard Stock Performance

The company has a 50 day moving average of $2,561.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.50 and a quick ratio of 1.50. The company has a market capitalization of $2.89 billion, a P/E ratio of 32.85 and a beta of 0.36.

Seaboard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Monday, February 24th. Seaboard’s payout ratio is currently 9.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Seaboard in the third quarter valued at $25,000. Quadrant Capital Group LLC raised its position in shares of Seaboard by 1,000.0% during the fourth quarter. Quadrant Capital Group LLC now owns 11 shares of the company’s stock worth $27,000 after purchasing an additional 10 shares during the period. Quarry LP purchased a new stake in shares of Seaboard during the fourth quarter valued at $29,000. Sterling Capital Management LLC boosted its position in shares of Seaboard by 36.4% in the 4th quarter. Sterling Capital Management LLC now owns 15 shares of the company’s stock valued at $36,000 after purchasing an additional 4 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in shares of Seaboard in the 3rd quarter valued at $50,000. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Company Profile

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.