Pope Resources (NASDAQ:POPE) Downgraded by ValuEngine to “Sell”

Share on StockTwits

ValuEngine cut shares of Pope Resources (NASDAQ:POPE) from a hold rating to a sell rating in a research note published on Tuesday, ValuEngine reports.

A number of other brokerages also recently commented on POPE. TheStreet downgraded shares of Pope Resources from a b rating to a c rating in a research report on Friday, November 15th. BidaskClub upgraded Pope Resources from a buy rating to a strong-buy rating in a research report on Friday, November 15th.

Shares of Pope Resources stock opened at $93.70 on Tuesday. The firm has a market cap of $408.06 million, a price-to-earnings ratio of 68.29 and a beta of 0.34. Pope Resources has a 52-week low of $62.50 and a 52-week high of $98.72. The company’s 50-day simple moving average is $81.38 and its 200-day simple moving average is $72.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.38.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $1.00 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.27%.

In related news, major shareholder James H. Dahl purchased 1,803 shares of the stock in a transaction dated Friday, November 29th. The shares were acquired at an average cost of $88.02 per share, with a total value of $158,700.06. Following the purchase, the insider now directly owns 147,652 shares in the company, valued at approximately $12,996,329.04. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder James H. Dahl purchased 2,200 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of $92.46 per share, with a total value of $203,412.00. Following the acquisition, the insider now directly owns 147,652 shares in the company, valued at $13,651,903.92. The disclosure for this purchase can be found here. In the last three months, insiders acquired 4,059 shares of company stock valued at $366,089. 11.20% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Pope Resources stock. Hunter Associates Investment Management LLC increased its stake in shares of Pope Resources (NASDAQ:POPE) by 21.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the construction company’s stock after buying an additional 1,450 shares during the period. Hunter Associates Investment Management LLC owned about 0.19% of Pope Resources worth $566,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 8.70% of the company’s stock.

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.

Recommended Story: Asset Allocation and Your Retirement

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Pope Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pope Resources and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.