Old West Investment Management LLC grew its stake in shares of The St. Joe Company (NYSE:JOE - Free Report) by 68.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,374 shares of the financial services provider's stock after buying an additional 51,830 shares during the quarter. St. Joe accounts for 2.7% of Old West Investment Management LLC's investment portfolio, making the stock its 17th biggest position. Old West Investment Management LLC owned 0.22% of St. Joe worth $7,427,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in JOE. Arizona State Retirement System grew its position in St. Joe by 1.9% during the second quarter. Arizona State Retirement System now owns 9,805 shares of the financial services provider's stock valued at $536,000 after acquiring an additional 180 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of St. Joe by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 31,348 shares of the financial services provider's stock valued at $1,715,000 after purchasing an additional 185 shares in the last quarter. Amalgamated Bank grew its holdings in shares of St. Joe by 2.3% during the 3rd quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider's stock valued at $647,000 after purchasing an additional 246 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of St. Joe by 4.4% during the 2nd quarter. Hsbc Holdings PLC now owns 6,478 shares of the financial services provider's stock valued at $349,000 after purchasing an additional 274 shares during the last quarter. Finally, Rhumbline Advisers raised its position in St. Joe by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 101,188 shares of the financial services provider's stock worth $5,535,000 after purchasing an additional 288 shares during the period. 86.67% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, major shareholder Bruce R. Berkowitz sold 11,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.12, for a total transaction of $584,320.00. Following the completion of the sale, the insider now owns 17,785,024 shares of the company's stock, valued at approximately $944,740,474.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Bruce R. Berkowitz sold 11,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.12, for a total transaction of $584,320.00. Following the completion of the transaction, the insider now directly owns 17,785,024 shares of the company's stock, valued at approximately $944,740,474.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 54,100 shares of the stock in a transaction dated 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 sale, the director now owns 17,976,124 shares of the company's stock, valued at approximately $1,085,578,128.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 242,300 shares of company stock worth $13,967,667 in the last ninety days. 38.80% of the stock is owned by insiders.
St. Joe Trading Up 2.2 %
NYSE JOE traded up $1.17 during trading on Wednesday, hitting $53.40. 674,323 shares of the company's stock traded hands, compared to its average volume of 179,748. The stock has a fifty day moving average of $57.40 and a two-hundred day moving average of $57.28. The St. Joe Company has a 12-month low of $47.83 and a 12-month high of $64.69. The firm has a market cap of $3.12 billion, a P/E ratio of 44.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.
St. Joe Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe's dividend payout ratio is presently 47.46%.
St. Joe Company Profile
(
Free Report)
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.
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