Squarepoint Ops LLC Buys Shares of 65 Seaboard Co. (NYSEAMERICAN:SEB)

Squarepoint Ops LLC purchased a new position in shares of Seaboard Co. (NYSEAMERICAN:SEB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 65 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SEB. Gladius Capital Management LP acquired a new position in Seaboard during the second quarter worth $32,000. Innealta Capital LLC acquired a new position in Seaboard during the 2nd quarter worth about $60,000. Covestor Ltd boosted its holdings in Seaboard by 18.5% during the 1st quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after acquiring an additional 5 shares during the period. Janiczek Wealth Management LLC grew its position in Seaboard by 115.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 41 shares of the company’s stock valued at $132,000 after acquiring an additional 22 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Seaboard by 36.7% during the first quarter. BNP Paribas Financial Markets now owns 67 shares of the company’s stock worth $216,000 after purchasing an additional 18 shares during the period. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Stock Down 0.2 %

Shares of SEB opened at $3,080.00 on Friday. The company has a market capitalization of $2.99 billion, a P/E ratio of 11.91 and a beta of 0.35. Seaboard Co. has a 52-week low of $2,955.33 and a 52-week high of $3,796.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.45 and a quick ratio of 1.47.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $62.82 EPS for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%. The firm had revenue of $2.21 billion for the quarter.

Seaboard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were issued a $2.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.29%. Seaboard’s payout ratio is 3.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Seaboard from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

About Seaboard

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.