Old West Investment Management LLC lowered its holdings in The St. Joe Company (NYSE:JOE - Free Report) by 28.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,251 shares of the financial services provider's stock after selling 36,123 shares during the quarter. St. Joe accounts for 1.7% of Old West Investment Management LLC's holdings, making the stock its 20th largest holding. Old West Investment Management LLC owned 0.16% of St. Joe worth $4,100,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of JOE. Vanguard Group Inc. grew its stake in shares of St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock worth $278,449,000 after acquiring an additional 252,906 shares in the last quarter. State Street Corp raised its position in St. Joe by 5.7% in the 3rd quarter. State Street Corp now owns 1,396,046 shares of the financial services provider's stock valued at $81,403,000 after purchasing an additional 75,374 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of St. Joe by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider's stock valued at $40,746,000 after buying an additional 8,031 shares during the period. Horizon Kinetics Asset Management LLC grew its position in shares of St. Joe by 7.7% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider's stock worth $25,350,000 after buying an additional 40,354 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider's stock worth $16,380,000 after buying an additional 6,904 shares during the period. Institutional investors and hedge funds own 86.67% of the company's stock.
St. Joe Stock Down 2.4 %
NYSE JOE traded down $1.05 on Thursday, hitting $42.28. 199,491 shares of the stock were exchanged, compared to its average volume of 219,138. The St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $64.69. The company has a 50-day moving average price of $46.26 and a 200-day moving average price of $49.25. The company has a market cap of $2.47 billion, a PE ratio of 35.63 and a beta of 1.28. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.
St. Joe (NYSE:JOE - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. The firm had revenue of $104.30 million during the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.
St. Joe Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Monday, March 10th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.32%. The ex-dividend date was Monday, March 10th. St. Joe's dividend payout ratio (DPR) is 44.09%.
Insider Buying and Selling
In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $47.11, for a total value of $4,508,427.00. Following the transaction, the insider now directly owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 300,000 shares of company stock worth $14,113,022 in the last 90 days. Company insiders own 38.80% of the company's stock.
St. Joe Profile
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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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