Rye Brook Capital LLC Grows Stock Holdings in The St. Joe Company (NYSE:JOE)

Rye Brook Capital LLC lifted its stake in The St. Joe Company (NYSE:JOE - Free Report) by 108.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,200 shares of the financial services provider's stock after purchasing an additional 26,600 shares during the quarter. St. Joe accounts for approximately 3.0% of Rye Brook Capital LLC's holdings, making the stock its 14th biggest position. Rye Brook Capital LLC owned approximately 0.09% of St. Joe worth $2,404,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of JOE. Lazard Asset Management LLC purchased a new stake in shares of St. Joe during the fourth quarter valued at $38,000. Millennium Management LLC boosted its holdings in shares of St. Joe by 2,785.5% during the 4th quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider's stock valued at $9,432,000 after acquiring an additional 202,642 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of St. Joe by 108.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider's stock worth $508,000 after acquiring an additional 5,875 shares during the period. Swiss National Bank raised its holdings in shares of St. Joe by 17.5% during the fourth quarter. Swiss National Bank now owns 80,400 shares of the financial services provider's stock valued at $3,612,000 after purchasing an additional 12,000 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $921,000 after purchasing an additional 782 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company's stock.

Analyst Ratings Changes

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

St. Joe Stock Performance

St. Joe stock traded down $0.32 during mid-day trading on Tuesday, reaching $46.16. 288,289 shares of the stock traded hands, compared to its average volume of 229,254. The St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69. The business's 50-day moving average is $44.11 and its 200-day moving average is $45.70. 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 stock has a market capitalization of $2.69 billion, a PE ratio of 39.12 and a beta of 1.36.

St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The firm had revenue of $94.20 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a $0.14 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.21%. St. Joe's payout ratio is presently 42.11%.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 2,900 shares of St. Joe stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total transaction of $136,329.00. Following the transaction, the insider now directly owns 16,940,624 shares in the company, valued at approximately $796,378,734.24. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.32% of the company's stock.

About St. Joe

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.