Horrell Capital Management Lowers stake in Deltic Timber Corp (DEL)

Deltic Timber Corp (DEL) : Horrell Capital Management reduced its stake in Deltic Timber Corp by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,862 shares of Deltic Timber Corp which is valued at $1,866,909 after selling 138 shares in Deltic Timber Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Deltic Timber Corp makes up approximately 1.17% of Horrell Capital Management’s portfolio.

Other Hedge Funds, Including , First Manhattan Co boosted its stake in DEL in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 216 shares of Deltic Timber Corp which is valued at $14,666.Capstone Asset Management Co boosted its stake in DEL in the latest quarter, The investment management firm added 640 additional shares and now holds a total of 4,993 shares of Deltic Timber Corp which is valued at $340,323. Deltic Timber Corp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Foundry Partners reduced its stake in DEL by selling 820 shares or 12.38% in the most recent quarter. The Hedge Fund company now holds 5,805 shares of DEL which is valued at $395,669. Deltic Timber Corp makes up approx 0.04% of Foundry Partners’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DEL in the latest quarter, The investment management firm added 1,827 additional shares and now holds a total of 3,336 shares of Deltic Timber Corp which is valued at $227,282.

Deltic Timber Corp closed down -0.08 points or -0.12% at $68.92 with 50,078 shares getting traded on Friday. Post opening the session at $68.68, the shares hit an intraday low of $68 and an intraday high of $69.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Jun 16, 2016, Deltic Timber Corp announced a cash dividend of $0.1000. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

Deltic Timber Corporation (Deltic) 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 in four segments: Woodlands which manages all aspects of the Company’s timberlands including harvesting and sale of timber timberland sales and acquisitions oil and gas revenues timberland management and leasing of hunting land; Manufacturing which consists of Deltic’s two sawmills that manufacture a variety of softwood lumber products and the Del-Tin Fiber plant that produces MDF; Real Estate which includes the Company’s four active real estate developments and a related country club operation and Corporate which consists of executive management and the staff functions of accounting legal information systems human resources purchasing treasury and income tax that provide support services to the operating business units.

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