Pope Resources A Delaware LP (NASDAQ:POPE) Director Maria M. Pope purchased 26,045 shares of Pope Resources A Delaware stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average cost of $70.18 per share, with a total value of $1,827,838.10. Following the completion of the acquisition, the director now directly owns 29,306 shares in the company, valued at $2,056,695.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Pope Resources A Delaware LP (POPE) opened at $70.95 on Thursday. The stock has a market capitalization of $309.06, a price-to-earnings ratio of 17.74 and a beta of 0.30. Pope Resources A Delaware LP has a 1-year low of $64.70 and a 1-year high of $79.50. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, November 21st. This represents a $2.80 annualized dividend and a yield of 3.95%. Pope Resources A Delaware’s dividend payout ratio is presently 125.56%.
A hedge fund recently bought a new stake in Pope Resources A Delaware stock. Baker Ellis Asset Management LLC acquired a new position in shares of Pope Resources A Delaware LP (NASDAQ:POPE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,600 shares of the construction company’s stock, valued at approximately $113,000. 13.79% of the stock is currently owned by institutional investors and hedge funds.
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About Pope Resources A Delaware
Pope Resources, A Delaware Limited Partnership is engaged primarily in managing timber resources on its own properties, as well as those owned by others. The Company operates through three business segments: Fee Timber, Timberland Management and Real Estate. The Fee Timber operations consisted of growing and harvesting timber from approximately 212,000 acres that the Company owned or co-owned with its timber fund investors as tree farms, as of December 31, 2016.
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