KLP Kapitalforvaltning AS Purchases New Position in The St. Joe Company (NYSE:JOE)

KLP Kapitalforvaltning AS acquired a new position in The St. Joe Company (NYSE:JOE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,100 shares of the financial services provider’s stock, valued at approximately $364,000.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. Campbell Capital Management Inc. bought a new position in St. Joe during the fourth quarter valued at $67,000. KBC Group NV grew its stake in shares of St. Joe by 38.8% in the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after buying an additional 576 shares in the last quarter. Legacy Capital Group California Inc. grew its stake in shares of 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 worth $220,000 after buying an additional 540 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of St. Joe in the 3rd quarter worth about $237,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Stock Down 0.3 %

Shares of NYSE:JOE opened at $44.97 on Friday. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 38.11 and a beta of 1.30. The St. Joe Company has a 12 month low of $42.94 and a 12 month high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $46.92 and a 200 day moving average price of $49.81.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $104.30 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.25%. St. Joe’s dividend payout ratio is presently 44.09%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the firm’s 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 sale, the insider now owns 17,162,524 shares of the company’s stock, valued at $808,526,505.64. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 300,000 shares of company stock valued at $14,113,022 over the last three months. 38.80% of the stock is owned by company insiders.

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.