The company is up by 4.10% percent from yesterday’s close. Shares of the company are trading at $92.77 slightly over the 50 day moving average which is $86.73 and which is quite a bit above the 200 day moving average of $76.48. The 50 day moving average moved up $6.04 whereas the 200 day average was up by +21.30%.
Investors are more bearish on the company lately if you take note of the change in short interest. The company recorded a rise in short interest from September 15, 2017 to September 29, 2017 of 14.21%. Short interest grew 72,495 over that timeframe. The days to cover increased to 8.0 and the percentage of shorted shares is 0.05% as of September 29.
Deltic Timber Corporation, launched on September 4, 1996, is a vertically integrated natural resources company. The Company is involved in the growing and harvesting of timber and the manufacturing and marketing of lumber and medium density fiberboard (MDF). It operates through four segments: Woodlands, which manages all aspects of the Business’s timberlands; Manufacturing, which consists of its approximately two sawmills that manufacture a range of softwood lumber products and the Del-Tin Fiber plant that produces MDF; Real Estate, which includes the Business’s four real estate developments and a related country club operation, and Corporate. It is also engaged in real estate development in central Arkansas..
These firms have modified their investment in DEL. As of quarter end State of Alaska, Department of Revenue had acquired 60 shares growing its holdings by 2.9%. The value of the total investment in Deltic Timber Corporation increased from $156,000 to $190,000 increasing 21.8% since the last quarter. As of the end of the quarter Horrell Capital Management, Inc. had bought a total of 129 shares growing its position 0.5%. The value in dollars went from $2,086,000 to $2,482,000 a change of $396,000 quarter over quarter.
Louisiana State Employees Retirement System added to its ownership by buying 100 shares an increase of 2.3%. Louisiana State Employees Retirement System now holds 4,400 shares valued at $389,000. The total value of its holdings increased 21.2%. As of quarter end Bank Of Montreal /can/ had bought 46 shares growing its stake by 39.7%. The value of the investment in (DEL) went from $9,000 to $14,000 a change of 55.6% quarter to quarter.
The company also declared a dividend for shareholders that will be paid on Monday December 18th, 2017. The dividend will be $0.100 per share for the quarter or $0.40 on an annualized basis. This dividend represents a yield of $0.45 which is the dividend as a percentage of the current share price. The ex-dividend date is Thursday the 31st of August 2017.
Deltic Timber Corporation currently has a P/E ratio of 134.45 and the market cap of the company is 1.13B.