Pictet Asset Management Ltd. decreased its stake in Pope Resources (NASDAQ:POPE) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 356,975 shares of the construction company’s stock after selling 5,000 shares during the quarter. Pictet Asset Management Ltd. owned about 8.25% of Pope Resources worth $25,042,000 at the end of the most recent reporting period.
Separately, Baker Ellis Asset Management LLC bought a new stake in Pope Resources during the 3rd quarter valued at $113,000. Institutional investors own 14.31% of the company’s stock.
Shares of Pope Resources (POPE) traded up $0.74 during midday trading on Monday, reaching $70.75. The company’s stock had a trading volume of 1,599 shares, compared to its average volume of 1,422. The company has a market cap of $308.19, a price-to-earnings ratio of 17.50 and a beta of 0.32. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.62. Pope Resources has a 1-year low of $64.70 and a 1-year high of $79.50.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, November 21st. Pope Resources’s payout ratio is 127.85%.
In other news, VP Jonathan P. Rose sold 500 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 7,770 shares of the company’s stock, valued at approximately $567,987. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 11.20% of the company’s stock.
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Pope Resources Company Profile
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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