Campbell Capital Management Inc. Takes Position in The St. Joe Company (NYSE:JOE)

Campbell Capital Management Inc. purchased a new stake in The St. Joe Company (NYSE:JOE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,500 shares of the financial services provider’s stock, valued at approximately $67,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JOE. US Bancorp DE increased its stake in shares of St. Joe by 163.6% in the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 700 shares during the last quarter. Amalgamated Bank grew its position in St. Joe by 2.3% during the 3rd quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 246 shares during the last quarter. Old West Investment Management LLC grew its position 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 acquiring an additional 51,830 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in St. Joe during the 3rd quarter worth $1,237,000. Finally, Victory Capital Management Inc. grew its position in St. Joe by 66.8% during the 3rd quarter. Victory Capital Management Inc. now owns 45,318 shares of the financial services provider’s stock worth $2,642,000 after acquiring an additional 18,150 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $47.11, for a total value of $4,508,427.00. Following the sale, the insider now owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 38.80% of the company’s stock.

St. Joe Trading Up 1.6 %

Shares of JOE stock opened at $44.83 on Friday. The firm has a market capitalization of $2.61 billion, a P/E ratio of 37.99 and a beta of 1.30. The St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $46.90 and its 200 day simple moving average is $51.09.

St. Joe (NYSE:JOE) last issued its quarterly earnings data 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 return on equity of 9.58% and a net margin of 17.76%.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.25%. St. Joe’s dividend payout ratio (DPR) is presently 44.09%.

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.