California Public Employees Retirement System purchased a new stake in shares of Pope Resources (NASDAQ:POPE) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,142 shares of the construction company’s stock, valued at approximately $231,000. California Public Employees Retirement System owned about 0.07% of Pope Resources at the end of the most recent quarter.

Separately, Hunter Associates Investment Management LLC increased its stake in shares of Pope Resources by 19.5% during the second quarter. Hunter Associates Investment Management LLC now owns 4,600 shares of the construction company’s stock valued at $338,000 after buying an additional 750 shares during the period. Hedge funds and other institutional investors own 12.10% of the company’s stock.

Shares of POPE traded down $1.97 during mid-day trading on Friday, hitting $66.70. 1,885 shares of the company’s stock traded hands, compared to its average volume of 1,015. The stock has a market capitalization of $298.87 million, a PE ratio of 12.40 and a beta of 0.07. Pope Resources has a 1 year low of $66.60 and a 1 year high of $73.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42.

Pope Resources (NASDAQ:POPE) last issued its quarterly earnings results on Wednesday, November 7th. The construction company reported $0.60 earnings per share for the quarter. The company had revenue of $28.00 million for the quarter. Pope Resources had a return on equity of 7.87% and a net margin of 16.48%.

The company 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. This represents a $4.00 annualized dividend and a yield of 6.00%. This is a boost from Pope Resources’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, October 31st.

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Pope Resources 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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