Aigen Investment Management LP Invests $358,000 in St. Joe Company (The) $JOE

Key Points

• Aigen Investment Management LP has purchased a new stake in St. Joe Company (NYSE:JOE), acquiring 7,635 shares valued at approximately $358,000 in the first quarter.
• St. Joe has declared a quarterly dividend of $0.14, scheduled for payment on September 19th, representing a yield of 1.1% and a dividend payout ratio of 39.44%.
• The company's stock is currently valued at $51.59, with a market capitalization of $2.99 billion and a price-to-earnings ratio of 36.33.

Aigen Investment Management LP purchased a new position in St. Joe Company (The) (NYSE:JOE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,635 shares of the financial services provider's stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of JOE. Janney Montgomery Scott LLC acquired a new position in shares of St. Joe in the 1st quarter valued at approximately $263,000. SG Americas Securities LLC bought a new position in St. Joe in the first quarter valued at approximately $475,000. Lazard Asset Management LLC acquired a new position in St. Joe during the fourth quarter valued at approximately $38,000. Millennium Management LLC lifted its stake in St. Joe by 2,785.5% during the fourth quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider's stock worth $9,432,000 after purchasing an additional 202,642 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of St. Joe by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider's stock valued at $921,000 after purchasing an additional 782 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.

St. Joe Trading Down 0.3%

NYSE JOE traded down $0.14 on Monday, hitting $50.07. The company's stock had a trading volume of 37,779 shares, compared to its average volume of 251,902. The firm has a market cap of $2.90 billion, a PE ratio of 35.26 and a beta of 1.37. The company's 50-day moving average is $49.35 and its 200 day moving average is $46.62. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.81. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $62.49.

St. Joe (NYSE:JOE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%. The business had revenue of $129.10 million for the quarter.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 annualized dividend and a yield of 1.1%. St. Joe's dividend payout ratio (DPR) is presently 39.44%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut St. Joe from a "buy" rating to a "hold" rating in a research report on Sunday, June 8th.

Insiders Place Their Bets

In other news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.44, for a total value of $8,616,200.00. Following the transaction, the insider owned 16,634,024 shares in the company, valued at $855,654,194.56. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 350,600 shares of company stock valued at $17,882,167. 0.32% of the stock is currently owned by company insiders.

St. Joe Company Profile

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.