International Assets Investment Management LLC Takes $680,000 Position in The St. Joe Company (NYSE:JOE)

International Assets Investment Management LLC purchased a new stake in shares of The St. Joe Company (NYSE:JOE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,662 shares of the financial services provider's stock, valued at approximately $680,000.

A number of other hedge funds have also recently added to or reduced their stakes in JOE. Private Advisor Group LLC increased its stake in shares of St. Joe by 54.9% in the first quarter. Private Advisor Group LLC now owns 6,403 shares of the financial services provider's stock valued at $371,000 after buying an additional 2,269 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of St. Joe by 14.2% in the first quarter. BNP Paribas Financial Markets now owns 30,798 shares of the financial services provider's stock valued at $1,785,000 after acquiring an additional 3,840 shares during the last quarter. Capstone Investment Advisors LLC raised its position in St. Joe by 23.4% during the first quarter. Capstone Investment Advisors LLC now owns 5,491 shares of the financial services provider's stock worth $318,000 after acquiring an additional 1,041 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of St. Joe by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 31,163 shares of the financial services provider's stock valued at $1,807,000 after buying an additional 417 shares during the last quarter. Finally, Meixler Investment Management Ltd. grew its stake in St. Joe by 53.6% in the 1st quarter. Meixler Investment Management Ltd. now owns 19,040 shares of the financial services provider's stock valued at $1,104,000 after buying an additional 6,647 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.

St. Joe Price Performance

Shares of JOE stock traded up $1.23 during trading on Wednesday, hitting $53.46. The company had a trading volume of 675,847 shares, compared to its average volume of 179,755. The firm has a market capitalization of $3.12 billion, a P/E ratio of 44.98 and a beta of 1.27. The stock's 50-day moving average price is $57.40 and its 200 day moving average price is $57.28. The St. Joe Company has a one year low of $47.83 and a one year high of $64.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, November 7th. St. Joe's dividend payout ratio (DPR) is presently 47.46%.

Insider Buying and Selling at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 54,100 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.39, for a total transaction of $3,267,099.00. Following the completion of the transaction, the director now owns 17,976,124 shares of the company's stock, valued at $1,085,578,128.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Bruce R. Berkowitz sold 80,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $53.14, for a total value of $4,251,200.00. Following the completion of the transaction, the insider now directly owns 17,797,824 shares in the company, valued at $945,776,367.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Berkowitz sold 54,100 shares of St. Joe stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.39, for a total value of $3,267,099.00. Following the completion of the sale, the director now owns 17,976,124 shares of the company's stock, valued at $1,085,578,128.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 600,700 shares of company stock valued at $33,085,747 in the last quarter. 38.80% of the stock is currently owned by corporate insiders.

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.