Pope Resources (NASDAQ:POPE) VP Jonathan P. Rose sold 500 shares of Pope Resources stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $73.10, for a total value of $36,550.00. Following the sale, the vice president now directly owns 7,770 shares of the company’s stock, valued at $567,987. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Pope Resources (NASDAQ:POPE) traded down 0.14% during mid-day trading on Thursday, reaching $70.70. The company had a trading volume of 490 shares. The stock has a market capitalization of $305.92 million, a PE ratio of 30.75 and a beta of 0.27. Pope Resources has a one year low of $63.30 and a one year high of $79.50. The company’s 50-day moving average is $72.56 and its 200-day moving average is $71.76.

Pope Resources (NASDAQ:POPE) last posted its earnings results on Friday, August 4th. The construction company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $15.89 million for the quarter. Pope Resources had a return on equity of 7.36% and a net margin of 11.20%.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.96%. Pope Resources’s dividend payout ratio is currently 121.74%.

Pope Resources announced that its board has initiated a stock repurchase program on Tuesday, May 30th that authorizes the company to buyback $1.20 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 0.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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About Pope Resources

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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