Pope Resources (POPE) VP Acquires $13,400.00 in Stock

Pope Resources (NASDAQ:POPE) VP Kevin Bates bought 200 shares of Pope Resources stock in a transaction that occurred on Friday, December 7th. The stock was purchased at an average cost of $67.00 per share, with a total value of $13,400.00. Following the completion of the transaction, the vice president now owns 25,744 shares of the company’s stock, valued at $1,724,848. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kevin Bates also recently made the following trade(s):

  • On Monday, November 26th, Kevin Bates bought 250 shares of Pope Resources stock. The stock was purchased at an average cost of $69.70 per share, with a total value of $17,425.00.
  • On Wednesday, November 21st, Kevin Bates bought 200 shares of Pope Resources stock. The stock was purchased at an average cost of $70.00 per share, with a total value of $14,000.00.
  • On Monday, November 19th, Kevin Bates bought 200 shares of Pope Resources stock. The stock was purchased at an average cost of $70.18 per share, with a total value of $14,036.00.

POPE stock traded down $1.38 during midday trading on Thursday, hitting $66.65. The stock had a trading volume of 2,879 shares, compared to its average volume of 1,066. The stock has a market cap of $296.10 million, a P/E ratio of 12.28 and a beta of 0.07. Pope Resources has a 52 week low of $66.50 and a 52 week high of $73.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42.

Pope Resources (NASDAQ:POPE) last released its quarterly earnings data on Wednesday, November 7th. The construction company reported $0.60 earnings per share (EPS) for the quarter. Pope Resources had a return on equity of 7.87% and a net margin of 16.48%. The firm had revenue of $28.00 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were paid a dividend of $1.00 per share. This is a positive change from Pope Resources’s previous quarterly dividend of $0.80. This represents a $4.00 annualized dividend and a yield of 6.00%. The ex-dividend date was Wednesday, October 31st.

A number of institutional investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. raised its stake in Pope Resources by 25.6% during the second quarter. Baird Financial Group Inc. now owns 67,311 shares of the construction company’s stock worth $4,947,000 after acquiring an additional 13,722 shares in the last quarter. First Manhattan Co. raised its stake in Pope Resources by 7.6% during the third quarter. First Manhattan Co. now owns 13,334 shares of the construction company’s stock worth $966,000 after acquiring an additional 937 shares in the last quarter. Hunter Associates Investment Management LLC raised its stake in Pope Resources by 19.5% during the second quarter. Hunter Associates Investment Management LLC now owns 4,600 shares of the construction company’s stock worth $338,000 after acquiring an additional 750 shares in the last quarter. Baker Ellis Asset Management LLC raised its stake in Pope Resources by 58.3% during the third quarter. Baker Ellis Asset Management LLC now owns 3,800 shares of the construction company’s stock worth $276,000 after acquiring an additional 1,400 shares in the last quarter. Finally, California Public Employees Retirement System acquired a new position in Pope Resources during the second quarter worth $231,000. Hedge funds and other institutional investors own 12.10% of the company’s stock.

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About Pope Resources

Pope Resources, A Delaware Limited Partnership manages timber resources in the United States. The company operates in three segments: Fee Timber, Timberland Investment Management, and Real Estate. The Fee Timber segment is involved in growing, managing, harvesting, and marketing timber from 206,000 timberland acres that it owns or manages as tree farms to domestic manufacturers and export brokers.

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Insider Buying and Selling by Quarter for Pope Resources (NASDAQ:POPE)

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