Quantbot Technologies LP Buys 29,588 Shares of The St. Joe Company (NYSE:JOE)

Quantbot Technologies LP grew its stake in The St. Joe Company (NYSE:JOE) by 757.9% in the fourth quarter, HoldingsChannel reports. The fund owned 33,492 shares of the financial services provider’s stock after acquiring an additional 29,588 shares during the period. Quantbot Technologies LP’s holdings in St. Joe were worth $1,505,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JOE. Old West Investment Management LLC raised its holdings in St. Joe by 68.6% during the 3rd quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock worth $7,427,000 after purchasing an additional 51,830 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of St. Joe by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock worth $1,738,000 after buying an additional 236 shares during the period. Intech Investment Management LLC raised its stake in shares of St. Joe by 55.3% during the third quarter. Intech Investment Management LLC now owns 7,295 shares of the financial services provider’s stock worth $425,000 after buying an additional 2,597 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in St. Joe by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock valued at $20,855,000 after buying an additional 22,187 shares during the period. Finally, Citigroup Inc. boosted its stake in St. Joe by 130.5% in the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock valued at $3,938,000 after acquiring an additional 38,243 shares during the last quarter. 86.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

St. Joe Stock Performance

Shares of St. Joe stock opened at $46.90 on Tuesday. The St. Joe Company has a 52 week low of $42.94 and a 52 week high of $64.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 39.75 and a beta of 1.30. The firm has a fifty day moving average of $47.17 and a two-hundred day moving average of $50.49.

St. Joe (NYSE:JOE) last released 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 for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Monday, March 10th. St. Joe’s payout ratio is presently 44.09%.

St. Joe Company 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.