AlphaQuest LLC Grows Stock Holdings in The St. Joe Company (NYSE:JOE)

AlphaQuest LLC boosted its holdings in shares of The St. Joe Company (NYSE:JOE) by 5,718.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,743 shares of the financial services provider’s stock after purchasing an additional 28,249 shares during the quarter. AlphaQuest LLC’s holdings in St. Joe were worth $1,291,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in St. Joe by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock valued at $1,738,000 after purchasing an additional 236 shares in the last quarter. Amalgamated Bank raised its stake in St. Joe by 2.3% during the third quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 246 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in St. Joe by 8.0% during the third quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 356 shares in the last quarter. Carmel Capital Partners LLC raised its stake in St. Joe by 4.6% during the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 375 shares in the last quarter. Finally, KBC Group NV raised its stake in St. Joe by 35.8% during the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total value of $1,934,166.00. Following the sale, the insider now owns 17,310,124 shares of the company’s stock, valued at approximately $814,614,435.44. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 38.80% of the company’s stock.

St. Joe Trading Up 0.4 %

Shares of JOE opened at $47.20 on Monday. The St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69. The company has a market cap of $2.75 billion, a P/E ratio of 40.00 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 company’s fifty day simple moving average is $46.91 and its 200-day simple moving average is $51.49.

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. 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 for the quarter.

St. Joe Dividend Announcement

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