Pope Resources (NASDAQ:POPE) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,100 shares, a decrease of 42.1% from the August 30th total of 1,900 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.
Shares of POPE remained flat at $$70.00 during mid-day trading on Friday. 2,248 shares of the stock traded hands, compared to its average volume of 1,676. The company has a 50-day moving average price of $71.08 and a 200-day moving average price of $68.87. Pope Resources has a 52-week low of $62.50 and a 52-week high of $87.00. The company has a market cap of $304.86 million, a price-to-earnings ratio of 33.98 and a beta of 0.26. 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 firm had revenue of $28.00 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $1.00 per share. The ex-dividend date was Friday, August 30th. This represents a $4.00 annualized dividend and a dividend yield of 5.71%.
A hedge fund recently raised its stake in Pope Resources stock. Cannell Peter B & Co. Inc. increased its position in shares of Pope Resources (NASDAQ:POPE) by 17.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,250 shares of the construction company’s stock after acquiring an additional 3,500 shares during the quarter. Cannell Peter B & Co. Inc. owned about 0.53% of Pope Resources worth $1,575,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.66% of the company’s stock.
Several brokerages have recently weighed in on POPE. BidaskClub raised shares of Pope Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. TheStreet raised shares of Pope Resources from a “c+” rating to a “b-” rating in a research report on Wednesday, September 25th.
About Pope Resources
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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