SG Americas Securities LLC Takes Position in St. Joe Company (The) (NYSE:JOE)

SG Americas Securities LLC acquired a new position in shares of St. Joe Company (The) (NYSE:JOE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,123 shares of the financial services provider's stock, valued at approximately $475,000.

A number of other hedge funds also recently made changes to their positions in the stock. 180 Wealth Advisors LLC acquired a new stake in St. Joe during the first quarter worth about $302,000. GAMMA Investing LLC lifted its position in St. Joe by 4,884.1% during the first quarter. GAMMA Investing LLC now owns 50,190 shares of the financial services provider's stock valued at $2,356,000 after buying an additional 49,183 shares in the last quarter. California State Teachers Retirement System grew its stake in St. Joe by 14.0% during the fourth quarter. California State Teachers Retirement System now owns 37,861 shares of the financial services provider's stock worth $1,701,000 after buying an additional 4,638 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of St. Joe by 373.3% during the 4th quarter. Voloridge Investment Management LLC now owns 149,650 shares of the financial services provider's stock valued at $6,724,000 after acquiring an additional 118,029 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of St. Joe during the 4th quarter valued at $1,106,000. Institutional investors and hedge funds own 86.67% of the company's stock.

St. Joe Stock Up 0.6%

Shares of St. Joe stock traded up $0.29 during trading hours on Tuesday, hitting $47.62. 214,320 shares of the company's stock traded hands, compared to its average volume of 231,316. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $64.69. The company has a market cap of $2.77 billion, a PE ratio of 35.81 and a beta of 1.36. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $44.52 and a 200-day simple moving average of $45.60.

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

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe's dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

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

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.