7,198 Shares in The St. Joe Company (NYSE:JOE) Acquired by Magnetar Financial LLC

Magnetar Financial LLC purchased 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 purchased 7,198 shares of the financial services provider’s stock, valued at approximately $323,000.

A number of other hedge funds also recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its holdings in shares of St. Joe by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock worth $1,738,000 after purchasing an additional 236 shares during the period. Arete Wealth Advisors LLC grew its stake in St. Joe by 8.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider’s stock valued at $279,000 after buying an additional 356 shares in the last quarter. Carmel Capital Partners LLC grew its stake in St. Joe by 4.6% in the 4th quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock valued at $383,000 after buying an additional 375 shares in the last quarter. KBC Group NV grew its stake in St. Joe by 35.8% in the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after buying an additional 391 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after buying an additional 430 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

St. Joe Stock Down 1.9 %

St. Joe stock opened at $45.91 on Friday. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 38.91 and a beta of 1.30. 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 firm has a 50 day simple moving average of $47.15 and a 200 day simple moving average of $50.61.

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

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.22%. St. Joe’s dividend payout ratio (DPR) is currently 44.09%.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $47.01, for a total transaction of $136,329.00. Following the completion of the transaction, the insider now directly owns 16,940,624 shares in the company, valued at $796,378,734.24. The trade was a 0.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 300,000 shares of company stock worth $14,113,022 in the last three months. Corporate insiders own 38.80% of the company’s stock.

About St. Joe

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.