Chicago Capital Management LLC Acquires Shares of 157,877 Deltic Timber Corp (NYSE:DEL)

Chicago Capital Management LLC bought a new stake in shares of Deltic Timber Corp (NYSE:DEL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 157,877 shares of the construction company’s stock, valued at approximately $14,454,000. Deltic Timber makes up 8.7% of Chicago Capital Management LLC’s holdings, making the stock its 5th largest position. Chicago Capital Management LLC owned 1.30% of Deltic Timber as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in shares of Deltic Timber by 6.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 45,308 shares of the construction company’s stock worth $3,383,000 after purchasing an additional 2,775 shares during the last quarter. Wells Fargo & Company MN raised its position in Deltic Timber by 47.2% in the 2nd quarter. Wells Fargo & Company MN now owns 137,228 shares of the construction company’s stock worth $10,246,000 after buying an additional 44,029 shares during the last quarter. Alliancebernstein L.P. raised its position in Deltic Timber by 8.8% in the 2nd quarter. Alliancebernstein L.P. now owns 21,527 shares of the construction company’s stock worth $1,607,000 after buying an additional 1,740 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Deltic Timber by 11.1% during the 2nd quarter. Teachers Advisors LLC now owns 19,601 shares of the construction company’s stock valued at $1,463,000 after purchasing an additional 1,958 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Deltic Timber by 2.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 29,645 shares of the construction company’s stock valued at $2,213,000 after purchasing an additional 789 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

In other Deltic Timber news, VP David V. Meghreblian sold 16,057 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $90.94, for a total value of $1,460,223.58. Following the sale, the vice president now owns 27,424 shares in the company, valued at $2,493,938.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Byrom Walker sold 5,500 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $90.94, for a total value of $500,170.00. Following the completion of the sale, the chief financial officer now owns 10,979 shares in the company, valued at approximately $998,430.26. The disclosure for this sale can be found here. Corporate insiders own 12.10% of the company’s stock.

Shares of Deltic Timber Corp (DEL) traded down $0.48 on Thursday, hitting $96.75. The stock had a trading volume of 22,530 shares, compared to its average volume of 141,894. The stock has a market cap of $1,137.29, a PE ratio of 126.27 and a beta of 0.93. Deltic Timber Corp has a twelve month low of $65.65 and a twelve month high of $100.35. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Deltic Timber (NYSE:DEL) last issued its quarterly earnings data on Wednesday, February 14th. The construction company reported $0.42 earnings per share (EPS) for the quarter. Deltic Timber had a return on equity of 3.74% and a net margin of 4.13%. analysts expect that Deltic Timber Corp will post 0.52 earnings per share for the current year.

Several equities research analysts have recently commented on the stock. TheStreet lowered shares of Deltic Timber from a “b-” rating to a “c+” rating in a research report on Friday, December 15th. ValuEngine downgraded Deltic Timber from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $50.13.

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Deltic Timber Company Profile

Deltic Timber Corporation is a vertically integrated natural resources company. The Company is engaged 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 Company’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 Company’s four real estate developments and a related country club operation, and Corporate.

Institutional Ownership by Quarter for Deltic Timber (NYSE:DEL)

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