Van Lanschot Kempen Investment Management N.V. reduced its position in The St. Joe Company (NYSE:JOE - Free Report) by 51.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,502 shares of the financial services provider's stock after selling 9,920 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in St. Joe were worth $427,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock valued at $26,000 after buying an additional 430 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in shares of St. Joe in the fourth quarter valued at approximately $67,000. KBC Group NV increased its stake in shares of St. Joe by 38.8% during the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock worth $93,000 after purchasing an additional 576 shares during the period. XTX Topco Ltd bought a new position in shares of St. Joe during the fourth quarter worth approximately $210,000. Finally, Legacy Capital Group California Inc. lifted its holdings in St. Joe by 12.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after purchasing an additional 540 shares during the last quarter. Institutional investors own 86.67% of the company's stock.
St. Joe Stock Performance
Shares of NYSE JOE opened at $41.68 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 35.32 and a beta of 1.28. The stock's fifty day moving average price is $45.34 and its two-hundred day moving average price is $48.22. The St. Joe Company has a one year low of $40.19 and a one year high of $64.69.
St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. The business had revenue of $104.30 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.
St. Joe Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Monday, March 10th. St. Joe's dividend payout ratio (DPR) is currently 44.09%.
Insider Buying and Selling
In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the completion of the sale, the insider now owns 17,162,524 shares of the company's stock, valued at $808,526,505.64. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 300,000 shares of company stock valued at $14,113,022 over the last 90 days. 38.80% of the stock is owned by corporate insiders.
St. Joe Profile
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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.
Further Reading
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