Lagoda Investment Management L.P. boosted its position in shares of The St. Joe Company (NYSE:JOE - Free Report) by 41.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,745 shares of the financial services provider's stock after buying an additional 7,005 shares during the quarter. St. Joe makes up 0.6% of Lagoda Investment Management L.P.'s holdings, making the stock its 22nd biggest position. Lagoda Investment Management L.P.'s holdings in St. Joe were worth $1,067,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JOE. Janus Henderson Group PLC lifted its stake in shares of St. Joe by 51.0% in the fourth quarter. Janus Henderson Group PLC now owns 29,166 shares of the financial services provider's stock worth $1,310,000 after buying an additional 9,847 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of St. Joe by 215.7% in the fourth quarter. Deutsche Bank AG now owns 69,311 shares of the financial services provider's stock worth $3,114,000 after buying an additional 47,354 shares in the last quarter. Corton Capital Inc. purchased a new position in shares of St. Joe in the fourth quarter worth about $227,000. Cubist Systematic Strategies LLC lifted its stake in shares of St. Joe by 126.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 60,317 shares of the financial services provider's stock worth $2,710,000 after buying an additional 33,700 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in St. Joe during the fourth quarter worth about $320,000. Institutional investors and hedge funds own 86.67% of the company's stock.
Insiders Place Their Bets
In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the transaction, the insider now owns 17,162,524 shares in the company, valued at $808,526,505.64. This trade represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 300,000 shares of company stock worth $14,113,022. 0.32% of the stock is owned by insiders.
St. Joe Trading Up 0.8%
Shares of St. Joe stock traded up $0.37 on Friday, reaching $46.67. The company had a trading volume of 273,395 shares, compared to its average volume of 221,774. The firm's 50 day moving average price is $44.28 and its two-hundred day moving average price is $46.66. The firm has a market cap of $2.72 billion, a PE ratio of 39.55 and a beta of 1.37. The St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34.
St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The company had revenue of $94.20 million during the quarter.
St. Joe Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio is currently 42.11%.
St. Joe 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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