Pope Resources (NASDAQ:POPE) major shareholder James H. Dahl bought 2,200 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average cost of $92.46 per share, for a total transaction of $203,412.00. Following the completion of the transaction, the insider now directly owns 147,652 shares in the company, valued at approximately $13,651,903.92. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
POPE opened at $93.70 on Wednesday. Pope Resources has a 1 year low of $62.50 and a 1 year high of $98.72. The firm has a 50 day moving average price of $81.38 and a 200 day moving average price of $72.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $389.57 million, a PE ratio of 68.29 and a beta of 0.34.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.00 per share. The ex-dividend date is Friday, November 29th. This represents a $4.00 dividend on an annualized basis and a yield of 4.27%.
A number of equities research analysts have issued reports on POPE shares. BidaskClub raised Pope Resources from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th. TheStreet downgraded Pope Resources from a “b” rating to a “c” rating in a report on Friday, November 15th. Finally, ValuEngine lowered Pope Resources from a “hold” rating to a “sell” rating in a research note on Tuesday.
Pope Resources Company Profile
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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