Louisiana State Employees Retirement System Makes New $1.07 Million Investment in The St. Joe Company (NYSE:JOE)

Louisiana State Employees Retirement System acquired a new position in shares of The St. Joe Company (NYSE:JOE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 17,800 shares of the financial services provider’s stock, valued at approximately $1,071,000.

Other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in St. Joe during the 3rd quarter worth approximately $1,779,000. Northern Trust Corp raised its stake in shares of St. Joe by 5.5% during the 3rd quarter. Northern Trust Corp now owns 413,648 shares of the financial services provider’s stock worth $22,473,000 after buying an additional 21,497 shares in the last quarter. Teza Capital Management LLC purchased a new position in shares of St. Joe during the 3rd quarter worth approximately $298,000. Raymond James & Associates raised its stake in shares of St. Joe by 0.8% during the 3rd quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock worth $1,713,000 after buying an additional 252 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of St. Joe during the 3rd quarter worth approximately $1,576,000. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Stock Performance

Shares of JOE stock opened at $57.03 on Wednesday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 42.56 and a beta of 1.30. The stock has a 50 day simple moving average of $55.13 and a 200-day simple moving average of $54.35. The St. Joe Company has a 12-month low of $38.81 and a 12-month high of $65.99. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.90.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a return on equity of 11.40% and a net margin of 19.96%. The firm had revenue of $86.70 million during the quarter.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, March 4th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, March 1st. St. Joe’s payout ratio is currently 35.82%.

Insider Activity at St. Joe

In related news, Director Bruce R. Berkowitz sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $54.85, for a total value of $175,520.00. Following the completion of the transaction, the director now directly owns 19,387,024 shares of the company’s stock, valued at approximately $1,063,378,266.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $54.04, for a total transaction of $167,524.00. Following the completion of the transaction, the director now owns 19,327,424 shares of the company’s stock, valued at $1,044,453,992.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Berkowitz sold 3,200 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $54.85, for a total value of $175,520.00. Following the transaction, the director now directly owns 19,387,024 shares of the company’s stock, valued at approximately $1,063,378,266.40. The disclosure for this sale can be found here. Insiders sold 106,800 shares of company stock valued at $5,780,959 in the last ninety days. Corporate insiders own 38.80% of the company’s stock.

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.