Rye Brook Capital LLC grew its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 108.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,200 shares of the financial services provider's stock after buying an additional 26,600 shares during the period. St. Joe accounts for about 3.0% of Rye Brook Capital LLC's holdings, making the stock its 14th largest holding. Rye Brook Capital LLC owned about 0.09% of St. Joe worth $2,404,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Arete Wealth Advisors LLC grew its holdings in shares of 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 during the period. Carmel Capital Partners LLC raised its position 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 worth $383,000 after buying an additional 375 shares during the period. Smartleaf Asset Management LLC raised its position in shares of St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after buying an additional 430 shares during the period. Legacy Capital Group California Inc. increased its holdings in St. Joe by 12.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock valued at $220,000 after purchasing an additional 540 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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. 86.67% of the stock is owned by hedge funds and other institutional investors.
St. Joe Price Performance
NYSE:JOE traded down $0.82 during midday trading on Friday, hitting $46.02. 182,573 shares of the stock were exchanged, compared to its average volume of 229,072. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 39.00 and a beta of 1.36. The St. Joe Company has a one year low of $40.19 and a one year high of $64.69. The business has a 50-day moving average price of $43.99 and a two-hundred day moving average price of $45.76.
St. Joe (NYSE:JOE - Get Free Report) last posted 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio is 42.11%.
Insiders Place Their Bets
In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $47.01, for a total transaction of $136,329.00. Following the sale, the insider now directly owns 16,940,624 shares of the company's stock, valued at approximately $796,378,734.24. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 38.80% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded St. Joe from a "buy" rating to a "hold" rating in a research note on Sunday, June 8th.
View Our Latest Research Report on St. Joe
St. Joe Company 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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