Seaboard Corporation (NYSEAMERICAN:SEB) Short Interest Update
by Jessica Moore · The Cerbat GemSeaboard Corporation (NYSEAMERICAN:SEB – Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 7,694 shares, an increase of 32.9% from the November 30th total of 5,791 shares. Based on an average daily volume of 12,950 shares, the short-interest ratio is presently 0.6 days. Currently, 3.0% of the shares of the stock are short sold. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 12,950 shares, the short-interest ratio is presently 0.6 days.
Institutional Trading of Seaboard
Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in Seaboard during the 2nd quarter worth $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Seaboard by 160.0% in the second quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after buying an additional 8 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Seaboard by 20.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock worth $103,000 after acquiring an additional 6 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Seaboard by 328.6% in the third quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock worth $109,000 after acquiring an additional 23 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of Seaboard in the second quarter worth approximately $143,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.
Seaboard Trading Up 1.8%
Shares of SEB stock traded up $77.52 during mid-day trading on Tuesday, reaching $4,468.99. 12,070 shares of the stock traded hands, compared to its average volume of 11,967. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 10.89 and a beta of 0.34. The company has a quick ratio of 1.49, a current ratio of 2.44 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $4,112.44 and its two-hundred day simple moving average is $3,652.41. Seaboard has a 1-year low of $2,374.99 and a 1-year high of $4,800.00.
Seaboard (NYSEAMERICAN:SEB – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $113.71 earnings per share (EPS) for the quarter. Seaboard had a net margin of 4.04% and a return on equity of 8.21%. The business had revenue of $2.54 billion during the quarter.
Seaboard Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, November 7th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. Seaboard’s dividend payout ratio (DPR) is presently 9.93%.
About Seaboard
Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.
In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.