Front Street Capital Management Inc. Sells 69,471 Shares of The St. Joe Company (NYSE:JOE)

Front Street Capital Management Inc. decreased its position in The St. Joe Company (NYSE:JOE - Free Report) by 14.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 425,609 shares of the financial services provider's stock after selling 69,471 shares during the period. St. Joe comprises 3.3% of Front Street Capital Management Inc.'s portfolio, making the stock its 11th biggest position. Front Street Capital Management Inc. owned about 0.73% of St. Joe worth $19,123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted 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 valued at $26,000 after buying an additional 430 shares during the period. Campbell Capital Management Inc. bought a new stake in shares of St. Joe during the fourth quarter worth about $67,000. KBC Group NV raised its stake in shares of St. Joe by 38.8% during the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock valued at $93,000 after acquiring an additional 576 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of St. Joe in the 4th quarter valued at about $210,000. Finally, Legacy Capital Group California Inc. increased its position in shares of St. Joe by 12.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after buying an additional 540 shares during the period. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $47.00, for a total value of $7,534,100.00. Following the completion of the sale, the insider now directly owns 17,000,724 shares of the company's stock, valued at approximately $799,034,028. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 300,000 shares of company stock valued at $14,113,022. Insiders own 38.80% of the company's stock.

St. Joe Stock Up 1.4 %

JOE stock traded up $0.58 during trading on Wednesday, reaching $42.31. 141,527 shares of the stock were exchanged, compared to its average volume of 220,556. The firm's 50 day moving average is $45.34 and its 200 day moving average is $48.22. The St. Joe Company has a twelve month low of $40.19 and a twelve month high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.46 billion, a P/E ratio of 35.86 and a beta of 1.28.

St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) 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 Announces Dividend

The firm also recently declared 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 of this dividend was Monday, March 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.32%. St. Joe's payout ratio is currently 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.