Pope Resources A Delaware (NASDAQ:POPE) declared that its Board of Directors has approved a share repurchase plan, which permits the company to repurchase $1.20 million in outstanding shares on Tuesday, May 30th, EventVestor reports. This repurchase authorization permits the construction company to purchase up to 0.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Pope Resources A Delaware (NASDAQ:POPE) traded down 3.72% during mid-day trading on Friday, hitting $71.76. The stock had a trading volume of 3,194 shares. Pope Resources A Delaware has a 12 month low of $61.30 and a 12 month high of $75.72. The firm’s 50-day moving average is $71.59 and its 200 day moving average is $69.11. The company has a market cap of $310.51 million, a price-to-earnings ratio of 30.32 and a beta of 0.18.

Pope Resources A Delaware (NASDAQ:POPE) last announced its quarterly earnings results on Friday, May 5th. The construction company reported $0.77 earnings per share for the quarter. The company had revenue of $17.35 million during the quarter. Pope Resources A Delaware had a return on equity of 22.53% and a net margin of 66.98%. During the same quarter last year, the firm posted ($0.25) earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Monday, June 5th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Thursday, June 1st. Pope Resources A Delaware’s dividend payout ratio (DPR) is presently 350.00%.

Separately, TheStreet upgraded Pope Resources A Delaware from a “c” rating to a “b-” rating in a research report on Wednesday, February 22nd.

ILLEGAL ACTIVITY NOTICE: This story was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/06/04/pope-resources-a-delaware-pope-declares-share-buyback-program.html.

In other news, VP Jonathan P. Rose sold 500 shares of Pope Resources A Delaware stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $69.52, for a total value of $34,760.00. Following the completion of the transaction, the vice president now directly owns 9,073 shares in the company, valued at $630,754.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.20% of the stock is currently owned by insiders.

About Pope Resources A Delaware

Pope Resources, A Delaware Limited Partnership is engaged primarily in managing timber resources on its own properties, as well as those owned by others. The Company operates through three business segments: Fee Timber, Timberland Management and Real Estate. The Fee Timber operations consisted of growing and harvesting timber from approximately 212,000 acres that the Company owned or co-owned with its timber fund investors as tree farms, as of December 31, 2016.

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