21,216 Shares in The St. Joe Company (NYSE:JOE) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of The St. Joe Company (NYSE:JOE - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,216 shares of the financial services provider's stock, valued at approximately $1,237,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in St. Joe by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider's stock valued at $334,213,000 after acquiring an additional 59,563 shares in the last quarter. Raymond James & Associates grew its position in St. Joe by 169.6% during the second quarter. Raymond James & Associates now owns 89,286 shares of the financial services provider's stock valued at $4,884,000 after buying an additional 56,171 shares during the period. Old West Investment Management LLC increased its holdings in St. Joe by 68.6% in the third quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider's stock valued at $7,427,000 after buying an additional 51,830 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in St. Joe by 377.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 24,701 shares of the financial services provider's stock valued at $1,351,000 after buying an additional 19,526 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of St. Joe by 493.8% during the 3rd quarter. SG Americas Securities LLC now owns 20,290 shares of the financial services provider's stock worth $1,183,000 after acquiring an additional 16,873 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 15,000 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $50.89, for a total value of $763,350.00. Following the transaction, the insider now directly owns 17,770,024 shares of the company's stock, valued at approximately $904,316,521.36. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of the business's stock in a transaction on Friday, October 25th. The shares were purchased at an average price of $53.05 per share, with a total value of $89,919.75. Following the completion of the purchase, the chief executive officer now owns 60,093 shares in the company, valued at $3,187,933.65. This represents a 2.90 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 600,700 shares of company stock valued at $33,085,747 in the last three months. 38.80% of the stock is currently owned by company insiders.

St. Joe Price Performance

Shares of St. Joe stock traded down $0.39 on Friday, hitting $49.68. The company's stock had a trading volume of 161,625 shares, compared to its average volume of 183,102. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 42.42 and a beta of 1.27. The St. Joe Company has a 1 year low of $49.38 and a 1 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. The firm has a fifty day moving average price of $56.52 and a 200-day moving average price of $57.02.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe's dividend payout ratio (DPR) is presently 47.46%.

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.