Pope Resources (NASDAQ:POPE) Short Interest Up 263.6% in November

Pope Resources (NASDAQ:POPE) was the recipient of a large increase in short interest in the month of November. As of November 29th, there was short interest totalling 4,000 shares, an increase of 263.6% from the November 14th total of 1,100 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 1.9 days.

In other news, major shareholder James H. Dahl purchased 2,200 shares of Pope Resources stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price of $92.46 per share, with a total value of $203,412.00. Following the transaction, the insider now owns 147,652 shares in the company, valued at $13,651,903.92. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder James H. Dahl purchased 1,803 shares of Pope Resources stock in a transaction dated Friday, November 29th. The shares were purchased at an average cost of $88.02 per share, for a total transaction of $158,700.06. Following the transaction, the insider now owns 147,652 shares in the company, valued at approximately $12,996,329.04. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 4,972 shares of company stock worth $450,979. Corporate insiders own 11.20% of the company’s stock.

An institutional investor recently raised its position in Pope Resources stock. Cannell Peter B & Co. Inc. raised its position in Pope Resources (NASDAQ:POPE) by 17.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,250 shares of the construction company’s stock after purchasing an additional 3,500 shares during the quarter. Cannell Peter B & Co. Inc. owned 0.53% of Pope Resources worth $1,575,000 as of its most recent SEC filing. 8.70% of the stock is currently owned by institutional investors.

Shares of NASDAQ POPE opened at $89.26 on Thursday. The firm has a market cap of $388.73 million, a price-to-earnings ratio of 69.47 and a beta of 0.34. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.38. Pope Resources has a 52-week low of $62.50 and a 52-week high of $98.72. The business’s 50 day moving average is $84.17 and its two-hundred day moving average is $73.54.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, November 29th.

Several analysts have recently commented on POPE shares. ValuEngine lowered shares of Pope Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. TheStreet lowered shares of Pope Resources from a “b” rating to a “c” rating in a research report on Friday, November 15th. Finally, BidaskClub raised shares of Pope Resources from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th.

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.

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