Rossby Financial LCC Makes New $781,000 Investment in St. Joe Company (The) (NYSE:JOE)

Rossby Financial LCC acquired a new position in shares of St. Joe Company (The) (NYSE:JOE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,625 shares of the financial services provider's stock, valued at approximately $781,000.

A number of other hedge funds also recently bought and sold shares of JOE. Arete Wealth Advisors LLC lifted its stake in St. Joe by 5.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock worth $226,000 after acquiring an additional 243 shares in the last quarter. Carmel Capital Partners LLC increased its holdings in shares of St. Joe by 4.6% in the 4th quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider's stock valued at $383,000 after purchasing an additional 375 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after purchasing an additional 430 shares in the last quarter. Lumbard & Kellner LLC boosted its holdings in shares of St. Joe by 4.7% during the first quarter. Lumbard & Kellner LLC now owns 14,557 shares of the financial services provider's stock worth $683,000 after purchasing an additional 653 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of St. Joe by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider's stock worth $921,000 after purchasing an additional 782 shares during the period. 86.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

St. Joe Stock Up 1.3%

Shares of NYSE JOE traded up $0.63 during trading hours on Wednesday, hitting $48.89. The stock had a trading volume of 262,745 shares, compared to its average volume of 234,105. The firm's 50-day moving average price is $45.26 and its two-hundred day moving average price is $45.64. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $64.69. The company has a market capitalization of $2.85 billion, a P/E ratio of 36.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.52.

St. Joe (NYSE:JOE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. St. Joe had a net margin of 18.99% and a return on equity of 10.62%. The firm had revenue of $94.20 million during the quarter.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.15%. St. Joe's dividend payout ratio (DPR) is currently 42.11%.

St. Joe 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.