Seaboard Co. (NYSEAMERICAN:SEB) Short Interest Update

Seaboard Co. (NYSEAMERICAN:SEB) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 5,000 shares, a growth of 22.0% from the June 30th total of 4,100 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in Seaboard by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,037 shares of the company’s stock worth $7,272,000 after purchasing an additional 229 shares in the last quarter. Alaska Permanent Fund Corp grew its stake in Seaboard by 165.5% during the 1st quarter. Alaska Permanent Fund Corp now owns 884 shares of the company’s stock worth $2,850,000 after purchasing an additional 551 shares in the last quarter. Nebula Research & Development LLC acquired a new position in shares of Seaboard during the 4th quarter worth about $1,349,000. Allspring Global Investments Holdings LLC boosted its position in shares of Seaboard by 64.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,560 shares of the company’s stock worth $5,029,000 after acquiring an additional 610 shares in the last quarter. Finally, Private Management Group Inc. boosted its position in shares of Seaboard by 15.2% during the 4th quarter. Private Management Group Inc. now owns 4,475 shares of the company’s stock worth $15,976,000 after acquiring an additional 589 shares in the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Seaboard from a “hold” rating to a “buy” rating in a research report on Friday, May 10th.

Seaboard Price Performance

Shares of NYSEAMERICAN:SEB traded up $8.75 during midday trading on Tuesday, hitting $3,190.98. The company had a trading volume of 1,785 shares, compared to its average volume of 3,106. Seaboard has a twelve month low of $2,955.33 and a twelve month high of $3,862.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.55 and a current ratio of 2.54. The stock has a market cap of $3.10 billion, a PE ratio of 13.26 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $22.66 earnings per share for the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%. The business had revenue of $2.19 billion during the quarter.

Seaboard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $9.00 dividend on an annualized basis and a yield of 0.28%. Seaboard’s dividend payout ratio (DPR) is presently 3.74%.

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.