Bridgefront Capital LLC Invests $225,000 in The St. Joe Company (NYSE:JOE)

Bridgefront Capital LLC acquired a new stake in shares of The St. Joe Company (NYSE:JOE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,011 shares of the financial services provider’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider’s stock valued at $8,896,000 after purchasing an additional 35,600 shares in the last quarter. Accordant Advisory Group Inc raised its holdings in St. Joe by 80.8% in the 4th quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider’s stock valued at $2,347,000 after buying an additional 23,333 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in St. Joe by 108.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider’s stock worth $508,000 after buying an additional 5,875 shares during the period. Swiss National Bank boosted its position in St. Joe by 17.5% during the 4th quarter. Swiss National Bank now owns 80,400 shares of the financial services provider’s stock worth $3,612,000 after buying an additional 12,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in St. Joe by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after acquiring an additional 252,906 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 41,100 shares of St. Joe stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the completion of the transaction, the insider now owns 17,310,124 shares of the company’s stock, valued at $814,614,435.44. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, 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 Price Performance

JOE stock opened at $44.47 on Friday. The company has a market capitalization of $2.59 billion, a P/E ratio of 37.69 and a beta of 1.37. The company has a fifty day moving average price of $44.35 and a 200-day moving average price of $47.01. 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 St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $94.20 million during the quarter.

St. Joe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.26%. St. Joe’s payout ratio is 42.11%.

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.