Carmel Capital Partners LLC Purchases 375 Shares of The St. Joe Company (NYSE:JOE)

Carmel Capital Partners LLC grew its stake in The St. Joe Company (NYSE:JOE) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,516 shares of the financial services provider’s stock after acquiring an additional 375 shares during the period. Carmel Capital Partners LLC’s holdings in St. Joe were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 430 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of St. Joe in the third quarter worth about $35,000. US Bancorp DE raised its stake in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 700 shares during the last quarter. KBC Group NV raised its stake in shares of St. Joe by 35.8% in the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 391 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of St. Joe during the third quarter worth approximately $237,000. 86.67% of the stock is owned by institutional investors.

St. Joe Trading Up 0.3 %

JOE opened at $47.13 on Thursday. 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 company has a market cap of $2.75 billion, a price-to-earnings ratio of 39.94 and a beta of 1.28. The firm has a 50 day simple moving average of $46.79 and a 200 day simple moving average of $51.74. The St. Joe Company has a fifty-two week low of $42.94 and a fifty-two week 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 during the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is 44.09%.

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.