Gamco Investors INC. ET AL lowered its position in St. Joe Company (The) (NYSE:JOE – Free Report) by 25.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 471,510 shares of the financial services provider’s stock after selling 158,000 shares during the period. Gamco Investors INC. ET AL’s holdings in St. Joe were worth $29,611,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of JOE. Camelot Portfolios LLC purchased a new position in St. Joe during the 4th quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in St. Joe by 155.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 397 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of St. Joe in the 4th quarter valued at $32,000. Quarry LP purchased a new stake in shares of St. Joe in the 3rd quarter valued at $39,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of St. Joe by 31.8% in the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
St. Joe Stock Up 0.1%
Shares of JOE opened at $62.20 on Friday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 32.06 and a beta of 1.29. St. Joe Company has a 52 week low of $46.37 and a 52 week high of $73.54. The stock’s 50-day moving average price is $63.30 and its 200-day moving average price is $65.68. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.
St. Joe (NYSE:JOE – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. The company had revenue of $99.04 million during the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.
St. Joe Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is presently 32.99%.
Insider Activity at St. Joe
In other news, major shareholder Bruce R. Berkowitz sold 140,400 shares of St. Joe stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the completion of the transaction, the insider directly owned 15,073,624 shares of the company’s stock, valued at $990,487,833.04. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 1,000,000 shares of company stock worth $65,585,733. 0.35% of the stock is owned by company insiders.
St. Joe Profile
The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.
Founded in 1936 as a paper manufacturing company, St.
Featured Stories
- Five stocks we like better than St. Joe
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Want to see what other hedge funds are holding JOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for St. Joe Company (The) (NYSE:JOE – Free Report).
Receive News & Ratings for St. Joe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for St. Joe and related companies with MarketBeat.com's FREE daily email newsletter.
