Arrowstreet Capital Limited Partnership Takes Position in The St. Joe Company (NYSE:JOE)

Arrowstreet Capital Limited Partnership purchased a new position in The St. Joe Company (NYSE:JOE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,910 shares of the financial services provider’s stock, valued at approximately $400,000.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 430 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in shares of St. Joe during the 4th quarter worth approximately $67,000. KBC Group NV increased its stake in shares of St. Joe by 38.8% during the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 576 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of St. Joe during the 3rd quarter worth approximately $245,000. Finally, Legacy Capital Group California Inc. lifted its stake 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 buying an additional 540 shares in the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the transaction, the insider now directly owns 17,310,124 shares in the company, valued at approximately $814,614,435.44. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 300,000 shares of company stock worth $14,113,022. 38.80% of the stock is owned by insiders.

St. Joe Price Performance

Shares of NYSE:JOE opened at $42.12 on Monday. The St. Joe Company has a one year low of $40.19 and a one year high of $64.69. The stock has a market cap of $2.46 billion, a PE ratio of 35.70 and a beta of 1.28. The business’s fifty day moving average price is $46.03 and its two-hundred day moving average price is $48.93. 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) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The firm had revenue of $104.30 million during the quarter.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Monday, March 10th. St. Joe’s payout ratio is 44.09%.

St. Joe 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.