KLP Kapitalforvaltning AS acquired a new position in shares of The St. Joe Company (NYSE:JOE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,100 shares of the financial services provider's stock, valued at approximately $364,000.
Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of St. Joe in the fourth quarter worth approximately $4,657,000. State Street Corp grew its position in St. Joe by 5.7% in the 3rd quarter. State Street Corp now owns 1,396,046 shares of the financial services provider's stock valued at $81,403,000 after acquiring an additional 75,374 shares during the last quarter. Barclays PLC increased its stake in St. Joe by 404.5% in the third quarter. Barclays PLC now owns 64,990 shares of the financial services provider's stock worth $3,790,000 after purchasing an additional 52,107 shares during the period. Old West Investment Management LLC lifted its position in shares of St. Joe by 68.6% during the third quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider's stock worth $7,427,000 after purchasing an additional 51,830 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its stake in shares of St. Joe by 7.7% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider's stock valued at $25,350,000 after purchasing an additional 40,354 shares during the period. Institutional investors own 86.67% of the company's stock.
St. Joe Trading Down 3.8 %
JOE stock traded down $1.65 during trading on Thursday, hitting $41.67. The company had a trading volume of 417,493 shares, compared to its average volume of 219,731. The St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69. The company has a 50 day simple moving average of $46.14 and a 200-day simple moving average of $49.12. The firm has a market capitalization of $2.43 billion, a P/E ratio of 35.31 and a beta of 1.28. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.
St. Joe (NYSE:JOE - Get Free Report) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The business had revenue of $104.30 million for the quarter.
St. Joe Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Monday, March 10th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Monday, March 10th. St. Joe's dividend payout ratio (DPR) is presently 44.09%.
Insiders Place Their Bets
In related news, major shareholder Bruce R. Berkowitz sold 41,100 shares of St. Joe stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $47.06, for a total value of $1,934,166.00. Following the completion of the sale, the insider now directly owns 17,310,124 shares in the company, valued at $814,614,435.44. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 300,000 shares of company stock worth $14,113,022. 38.80% of the stock is currently owned by company insiders.
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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