Deltic Timber Corp. (NYSE:DEL) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Deltic Timber Corp. (NYSE:DEL) reported that Southeastern Asset Management has picked up 1,827,558 of common stock as of 2017-02-22.

The acquisition brings the aggregate amount owned by Southeastern Asset Management to a total of 1,827,558 representing a 15.0% stake in the company.

For those not familiar with the company, 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 its 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 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 approximately four real estate developments and a related country club operation, and Corporate, which consists of executive management and the staff functions. It is also engaged in real estate development in central Arkansas.

A glance at Deltic Timber Corp. (NYSE:DEL)’s key stats reveals a current market capitalization of 1.02 billion based on 12.16 million shares outstanding and a price at last close of $82.33 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-07, Nolan picked up 1,044 at a purchase price of $59.15. This brings their total holding to 89,341 as of the date of the filing.

On the sell side, the most recent transaction saw Walker unload 939 shares at a sale price of $79.54. This brings their total holding to 2,169.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Deltic Timber Corp. (NYSE:DEL) as things move forward to see if its progress aligns with these transactions.

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