Pope Resources (NASDAQ:POPE) Shares Sold by Private Capital Management LLC

Private Capital Management LLC reduced its position in shares of Pope Resources (NASDAQ:POPE) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 35,474 shares of the construction company’s stock after selling 380 shares during the quarter. Private Capital Management LLC’s holdings in Pope Resources were worth $2,420,000 at the end of the most recent quarter.

Separately, Cannell Peter B & Co. Inc. increased its position in shares of Pope Resources by 17.7% during the second quarter. Cannell Peter B & Co. Inc. now owns 23,250 shares of the construction company’s stock valued at $1,575,000 after acquiring an additional 3,500 shares during the last quarter. 8.66% of the stock is owned by institutional investors and hedge funds.

Shares of POPE traded down $1.47 during trading on Wednesday, reaching $69.41. 4 shares of the company traded hands, compared to its average volume of 1,051. Pope Resources has a twelve month low of $62.50 and a twelve month high of $73.25. The stock has a market cap of $307.04 million, a PE ratio of 34.22 and a beta of 0.26. The stock has a 50-day simple moving average of $70.05 and a 200-day simple moving average of $68.33. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.46.

Pope Resources (NASDAQ:POPE) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $0.50 earnings per share for the quarter. Pope Resources had a net margin of 6.08% and a return on equity of 2.66%. The business had revenue of $28.00 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Friday, August 30th.

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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Institutional Ownership by Quarter for Pope Resources (NASDAQ:POPE)

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