Dynamic Technology Lab Private Ltd Makes New Investment in The St. Joe Company (NYSE:JOE)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of The St. Joe Company (NYSE:JOE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,460 shares of the financial services provider’s stock, valued at approximately $245,000.

A number of other institutional investors have also made changes to their positions in JOE. JPMorgan Chase & Co. boosted its position in St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider’s stock worth $8,896,000 after purchasing an additional 35,600 shares during the period. Accordant Advisory Group Inc boosted its holdings in shares of St. Joe by 80.8% during the 4th quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider’s stock worth $2,347,000 after buying an additional 23,333 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of St. Joe by 108.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider’s stock worth $508,000 after buying an additional 5,875 shares during the period. Swiss National Bank grew its stake in St. Joe by 17.5% in the 4th quarter. Swiss National Bank now owns 80,400 shares of the financial services provider’s stock valued at $3,612,000 after buying an additional 12,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in St. Joe by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after acquiring an additional 252,906 shares during the period. 86.67% of the stock is owned by institutional investors.

St. Joe Stock Down 3.8 %

JOE stock opened at $41.67 on Friday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 35.31 and a beta of 1.28. The company has a 50-day moving average of $46.14 and a two-hundred day moving average of $49.12. 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 current ratio of 1.34 and a quick ratio of 1.34.

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

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Monday, March 10th were paid a $0.14 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.34%. St. Joe’s payout ratio is 44.09%.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $47.00, for a total value of $7,534,100.00. Following the sale, the insider now directly owns 17,000,724 shares in the company, valued at $799,034,028. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 300,000 shares of company stock valued at $14,113,022. 38.80% of the stock is owned by company insiders.

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.