Pope Resources (NASDAQ:POPE) major shareholder James H. Dahl bought 913 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was bought at an average price of $92.98 per share, for a total transaction of $84,890.74. Following the transaction, the insider now owns 147,652 shares of the company’s stock, valued at $13,728,682.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
NASDAQ:POPE traded up $0.37 on Monday, hitting $91.38. The stock had a trading volume of 752 shares, compared to its average volume of 2,415. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.38. The stock has a market cap of $396.32 million, a price-to-earnings ratio of 69.47 and a beta of 0.34. The company has a fifty day moving average price of $82.65 and a two-hundred day moving average price of $72.94. Pope Resources has a 1-year low of $62.50 and a 1-year high of $98.72.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.00 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.00 annualized dividend and a yield of 4.38%.
A hedge fund recently raised its stake in Pope Resources stock. Hunter Associates Investment Management LLC increased its stake in Pope Resources (NASDAQ:POPE) by 21.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,300 shares of the construction company’s stock after purchasing an additional 1,450 shares during the quarter. Hunter Associates Investment Management LLC owned about 0.19% of Pope Resources worth $566,000 at the end of the most recent quarter. 8.70% of the stock is owned by institutional investors.
About Pope Resources
Pope Resources, A Delaware Limited Partnership manages timber resources in the United States. The company operates in four segments: Partnership Timber, Funds Timber, Timberland Investment Management, and Real Estate. It is involved in growing, managing, harvesting, and marketing timber from the Partnership's 120,000 acres of direct timberland ownership in Washington; and private equity timber funds' 134,000 acres of timberland in Washington, Oregon, and California that co-owned with third-party investors.
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