Diamond Hill Capital Management Inc. Raises Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Diamond Hill Capital Management Inc. grew its position in Seaboard Co. (NYSEAMERICAN:SEB) by 27.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 509 shares of the company’s stock after purchasing an additional 110 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Seaboard were worth $1,597,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Gladius Capital Management LP purchased a new stake in shares of Seaboard in the 2nd quarter valued at $32,000. Farther Finance Advisors LLC purchased a new position in shares of Seaboard in the third quarter valued at approximately $50,000. Innealta Capital LLC purchased a new stake in Seaboard during the 2nd quarter worth approximately $60,000. Covestor Ltd increased its stake in Seaboard by 18.5% during the 1st quarter. Covestor Ltd now owns 32 shares of the company’s stock worth $106,000 after buying an additional 5 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Seaboard in the second quarter worth $205,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Seaboard Trading Down 1.4 %

NYSEAMERICAN SEB opened at $2,615.76 on Tuesday. Seaboard Co. has a 52 week low of $2,612.27 and a 52 week high of $3,796.00. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -795.06 and a beta of 0.37.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%. The business had revenue of $2.22 billion for the quarter.

Seaboard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, November 8th. Seaboard’s payout ratio is currently -273.56%.

Analyst Ratings Changes

Separately, StockNews.com cut Seaboard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

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.