Wolverine Asset Management LLC purchased a new stake in Deltic Timber Corp (NYSE:DEL) in the fourth quarter, Holdings Channel reports. The fund purchased 18,968 shares of the construction company’s stock, valued at approximately $1,736,000.
A number of other hedge funds also recently bought and sold shares of the stock. Aristotle Atlantic Partners LLC acquired a new position in Deltic Timber in the fourth quarter valued at about $7,226,000. Renaissance Technologies LLC acquired a new position in Deltic Timber in the fourth quarter valued at about $12,682,000. Alliancebernstein L.P. raised its stake in Deltic Timber by 35.8% in the fourth quarter. Alliancebernstein L.P. now owns 42,798 shares of the construction company’s stock valued at $3,918,000 after purchasing an additional 11,286 shares in the last quarter. Delpha Capital Management LLC acquired a new position in Deltic Timber in the fourth quarter valued at about $112,000. Finally, BancorpSouth Bank acquired a new position in Deltic Timber during the fourth quarter worth about $16,877,000. 90.90% of the stock is owned by institutional investors and hedge funds.
Several research analysts have commented on the company. ValuEngine downgraded Deltic Timber from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. TheStreet downgraded Deltic Timber from a “b-” rating to a “c+” rating in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.13.
In other Deltic Timber news, CFO Byrom Walker sold 5,500 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $90.94, for a total transaction of $500,170.00. Following the completion of the transaction, the chief financial officer now owns 10,979 shares of the company’s stock, valued at $998,430.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David V. Meghreblian sold 16,057 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $90.94, for a total value of $1,460,223.58. Following the sale, the vice president now owns 27,424 shares in the company, valued at $2,493,938.56. The disclosure for this sale can be found here. 12.10% of the stock is currently owned by insiders.
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Deltic Timber Profile
Deltic Timber Corporation is a vertically integrated natural resources company. The Company is engaged in the growing and harvesting of timber and the manufacturing and marketing of lumber and medium density fiberboard (MDF). It operates through four segments: Woodlands, which manages all aspects of the Company’s timberlands; Manufacturing, which consists of its approximately two sawmills that manufacture a range of softwood lumber products and the Del-Tin Fiber plant that produces MDF; Real Estate, which includes the Company’s four real estate developments and a related country club operation, and Corporate.
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