Louisiana State Employees Retirement System Takes Position in The St. Joe Company (NYSE:JOE)

Louisiana State Employees Retirement System acquired a new stake in shares of The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,800 shares of the financial services provider's stock, valued at approximately $1,071,000.

A number of other large investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in St. Joe by 1,198.0% in the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 611 shares during the last quarter. Selway Asset Management purchased a new position in St. Joe during the 3rd quarter valued at about $71,000. Byrne Asset Management LLC raised its position in St. Joe by 30.1% during the 3rd quarter. Byrne Asset Management LLC now owns 4,060 shares of the financial services provider's stock valued at $221,000 after purchasing an additional 940 shares during the last quarter. Viewpoint Capital Management LLC bought a new position in St. Joe during the 3rd quarter valued at approximately $272,000. Finally, Carmel Capital Partners LLC lifted its holdings in St. Joe by 58.8% in the 3rd quarter. Carmel Capital Partners LLC now owns 5,458 shares of the financial services provider's stock worth $297,000 after buying an additional 2,022 shares during the period. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Trading Down 0.3 %

NYSE:JOE traded down $0.17 during trading hours on Wednesday, hitting $56.86. The company had a trading volume of 167,157 shares, compared to its average volume of 182,158. The company has a market capitalization of $3.32 billion, a PE ratio of 42.43 and a beta of 1.30. The stock has a 50-day moving average price of $55.13 and a 200 day moving average price of $54.35. The St. Joe Company has a 52 week low of $38.81 and a 52 week high of $65.99. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.47 and a quick ratio of 1.47.

St. Joe (NYSE:JOE - Get Free Report) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a net margin of 19.96% and a return on equity of 11.40%. The firm had revenue of $86.70 million for the quarter.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, March 4th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, March 1st. St. Joe's payout ratio is 35.82%.

Insider Activity

In other St. Joe news, Director Bruce R. Berkowitz sold 4,500 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $55.38, for a total transaction of $249,210.00. Following the completion of the sale, the director now directly owns 19,390,224 shares in the company, valued at approximately $1,073,830,605.12. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Bruce R. Berkowitz sold 4,500 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.38, for a total transaction of $249,210.00. Following the completion of the sale, the director now owns 19,390,224 shares of the company's stock, valued at approximately $1,073,830,605.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce R. Berkowitz sold 3,100 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $54.04, for a total transaction of $167,524.00. Following the completion of the transaction, the director now directly owns 19,327,424 shares in the company, valued at approximately $1,044,453,992.96. The disclosure for this sale can be found here. Insiders have sold a total of 106,800 shares of company stock valued at $5,780,959 over the last ninety days. 38.80% of the stock is currently owned by corporate 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.