Pope Resources (POPE) Stake Decreased by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. cut its position in shares of Pope Resources (NASDAQ:POPE) by 0.4% during the 3rd quarter, Holdings Channel reports. The firm owned 322,946 shares of the construction company’s stock after selling 1,408 shares during the quarter. Pictet Asset Management Ltd. owned about 0.07% of Pope Resources worth $22,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in POPE. Baird Financial Group Inc. increased its stake in shares of Pope Resources by 25.6% during the 2nd quarter. Baird Financial Group Inc. now owns 67,311 shares of the construction company’s stock worth $4,947,000 after purchasing an additional 13,722 shares during the last quarter. California Public Employees Retirement System acquired a new position in shares of Pope Resources during the 2nd quarter worth about $231,000. Baker Ellis Asset Management LLC increased its stake in shares of Pope Resources by 58.3% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 3,800 shares of the construction company’s stock worth $276,000 after purchasing an additional 1,400 shares during the last quarter. First Manhattan Co. increased its stake in shares of Pope Resources by 7.6% during the 3rd quarter. First Manhattan Co. now owns 13,334 shares of the construction company’s stock worth $966,000 after purchasing an additional 937 shares during the last quarter. Finally, Hunter Associates Investment Management LLC increased its stake in shares of Pope Resources by 19.5% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 4,600 shares of the construction company’s stock worth $338,000 after purchasing an additional 750 shares during the last quarter. Institutional investors own 12.10% of the company’s stock.

Pope Resources stock opened at $70.50 on Tuesday. The stock has a market cap of $306.83 million, a PE ratio of 12.73 and a beta of 0.07. Pope Resources has a fifty-two week low of $66.60 and a fifty-two week high of $73.50. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were paid a $1.00 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $4.00 dividend on an annualized basis and a yield of 5.67%. This is a positive change from Pope Resources’s previous quarterly dividend of $0.80.

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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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Institutional Ownership by Quarter for Pope Resources (NASDAQ:POPE)

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