Pope Resources (NASDAQ:POPE) VP Jonathan P. Rose sold 300 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $67.19, for a total transaction of $20,157.00. Following the completion of the transaction, the vice president now directly owns 8,383 shares of the company’s stock, valued at $563,253.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Pope Resources stock opened at $68.00 on Thursday. The company has a market capitalization of $294.26 million, a P/E ratio of 23.82 and a beta of 0.26. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.45. Pope Resources has a 52 week low of $62.50 and a 52 week high of $73.50.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 7th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 5.88%. The ex-dividend date was Wednesday, March 6th.

Pope Resources declared that its Board of Directors has approved a stock buyback plan on Monday, March 4th that authorizes the company to repurchase $2.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 0.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Several institutional investors have recently made changes to their positions in POPE. Baker Ellis Asset Management LLC raised its position in Pope Resources by 28.9% during the 4th quarter. Baker Ellis Asset Management LLC now owns 4,900 shares of the construction company’s stock worth $321,000 after buying an additional 1,100 shares during the last quarter. Hunter Associates Investment Management LLC raised its position in Pope Resources by 19.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 5,850 shares of the construction company’s stock worth $383,000 after buying an additional 950 shares during the last quarter. Finally, First Manhattan Co. raised its position in Pope Resources by 70.2% during the 4th quarter. First Manhattan Co. now owns 22,700 shares of the construction company’s stock worth $1,486,000 after buying an additional 9,366 shares during the last quarter. 11.88% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet lowered shares of Pope Resources from a “b” rating to a “c” rating in a research report on Monday.

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Pope Resources Company Profile

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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