St. Joe Company (The) (NYSE:JOE) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of St. Joe Company (The) (NYSE:JOE) by 173.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,001 shares of the financial services provider’s stock after purchasing an additional 12,046 shares during the period. GSA Capital Partners LLP’s holdings in St. Joe were worth $892,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JOE. Vanguard Group Inc. lifted its position in St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after purchasing an additional 252,906 shares during the period. Berkley W R Corp bought a new stake in shares of St. Joe in the 4th quarter worth $9,415,000. Millennium Management LLC lifted its holdings in shares of St. Joe by 2,785.5% in the fourth quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider’s stock valued at $9,432,000 after buying an additional 202,642 shares during the period. Voloridge Investment Management LLC boosted its stake in St. Joe by 373.3% during the fourth quarter. Voloridge Investment Management LLC now owns 149,650 shares of the financial services provider’s stock valued at $6,724,000 after buying an additional 118,029 shares in the last quarter. Finally, Norges Bank acquired a new position in St. Joe during the fourth quarter worth about $4,981,000. 86.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of St. Joe from a “buy” rating to a “hold” rating in a research report on Sunday, June 8th.

St. Joe Stock Down 1.6%

NYSE JOE opened at $50.47 on Friday. St. Joe Company has a 12 month low of $40.19 and a 12 month high of $62.90. The company has a market capitalization of $2.92 billion, a P/E ratio of 35.54 and a beta of 1.36. The company’s 50 day simple moving average is $48.03 and its 200 day simple moving average is $46.47. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 1.45.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $129.10 million for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%.

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. St. Joe’s payout ratio is 39.44%.

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.