AlphaQuest LLC raised its stake in shares of The St. Joe Company (NYSE:JOE - Free Report) by 5,718.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,743 shares of the financial services provider's stock after purchasing an additional 28,249 shares during the period. AlphaQuest LLC's holdings in St. Joe were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. US Bancorp DE raised its holdings in St. Joe by 163.6% during the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider's stock valued at $66,000 after buying an additional 700 shares during the period. Amalgamated Bank increased its position in St. Joe by 2.3% during the third quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider's stock valued at $647,000 after acquiring an additional 246 shares during the last quarter. Old West Investment Management LLC raised its stake in shares of St. Joe by 68.6% in the third quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider's stock valued at $7,427,000 after acquiring an additional 51,830 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of St. Joe in the 3rd quarter worth about $1,237,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of St. Joe by 66.8% in the 3rd quarter. Victory Capital Management Inc. now owns 45,318 shares of the financial services provider's stock worth $2,642,000 after acquiring an additional 18,150 shares during the last quarter. 86.67% of the stock is owned by institutional investors.
St. Joe Trading Down 1.4 %
NYSE:JOE traded down $0.62 during mid-day trading on Thursday, hitting $44.07. 199,692 shares of the stock traded hands, compared to its average volume of 243,660. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 37.35 and a beta of 1.30. The St. Joe Company has a 52 week low of $42.94 and a 52 week high of $64.69. The firm's 50 day moving average is $46.92 and its two-hundred day moving average is $51.24.
St. Joe (NYSE:JOE - Get Free Report) last released its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The firm had revenue of $104.30 million for the quarter.
St. Joe Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.27%. St. Joe's payout ratio is 44.09%.
Insider Transactions at St. Joe
In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the transaction, the insider now owns 17,162,524 shares of the company's stock, valued at $808,526,505.64. This trade represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 38.80% of the company's stock.
St. Joe Profile
(
Free Report)
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.
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