Polymer Capital Management US LLC Acquires New Stake in The St. Joe Company (NYSE:JOE)

Polymer Capital Management US LLC acquired a new stake in The St. Joe Company (NYSE:JOE) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,967 shares of the financial services provider’s stock, valued at approximately $223,000.

Other large investors also recently bought and sold shares of the company. Arete Wealth Advisors LLC increased its stake in shares of St. Joe by 5.1% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 243 shares during the period. Carmel Capital Partners LLC boosted its holdings 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 purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 430 shares in the last quarter. Legacy Capital Group California Inc. increased its position in St. Joe by 12.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 540 shares during the period. Finally, KBC Group NV raised its stake in shares of St. Joe by 38.8% during the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after buying an additional 576 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Down 5.9 %

St. Joe stock opened at $40.74 on Wednesday. The stock’s 50 day moving average price is $46.47 and its 200 day moving average price is $49.41. The company has a market cap of $2.38 billion, a PE ratio of 34.53 and a beta of 1.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The St. Joe Company has a 1-year low of $40.00 and a 1-year high of $64.69.

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

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Monday, March 10th were issued a $0.14 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.37%. St. Joe’s dividend payout ratio (DPR) is presently 44.09%.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $47.00, for a total value of $7,534,100.00. Following the sale, the insider now owns 17,000,724 shares in the company, valued at $799,034,028. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 300,000 shares of company stock valued at $14,113,022. 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.