Pope Resources (NASDAQ:POPE) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,100 shares, a decrease of 42.1% from the August 30th total of 1,900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,700 shares, the short-interest ratio is currently 0.6 days.
Several analysts have recently commented on POPE shares. BidaskClub raised shares of Pope Resources from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. TheStreet raised shares of Pope Resources from a “c+” rating to a “b-” rating in a report on Wednesday, September 25th.
A hedge fund recently raised its stake in Pope Resources stock. Hunter Associates Investment Management LLC increased its position in shares of Pope Resources (NASDAQ:POPE) by 21.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,300 shares of the construction company’s stock after buying an additional 1,450 shares during the period. Hunter Associates Investment Management LLC owned 0.19% of Pope Resources worth $566,000 as of its most recent filing with the SEC. 8.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of POPE stock remained flat at $$70.00 during trading hours on Friday. 2,248 shares of the stock traded hands, compared to its average volume of 1,676. The stock has a 50-day simple moving average of $71.08 and a 200 day simple moving average of $68.87. The stock has a market cap of $304.86 million, a PE ratio of 33.98 and a beta of 0.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.23. Pope Resources has a fifty-two week low of $62.50 and a fifty-two week high of $87.00.
Pope Resources (NASDAQ:POPE) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $0.50 earnings per share (EPS) for the quarter. Pope Resources had a net margin of 6.08% and a return on equity of 2.66%. The firm had revenue of $28.00 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Friday, August 30th.
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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