Proficio Capital Partners LLC Purchases Shares of 13,120 The St. Joe Company (NYSE:JOE)

Proficio Capital Partners LLC acquired a new position in The St. Joe Company (NYSE:JOE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,120 shares of the financial services provider's stock, valued at approximately $589,000.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in shares of St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after acquiring an additional 430 shares during the period. Point72 Hong Kong Ltd bought a new stake in St. Joe during the 3rd quarter worth approximately $35,000. KBC Group NV increased its position in St. Joe by 38.8% in the 4th 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 period. Quadrature Capital Ltd bought a new position in shares of St. Joe during the third quarter valued at $237,000. Finally, Virtu Financial LLC bought a new stake in shares of St. Joe in the third quarter worth $245,000. Institutional investors own 86.67% of the company's stock.

Insider Activity at St. Joe

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 completion of the sale, the insider now directly owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 300,000 shares of company stock worth $14,113,022 over the last quarter. Company insiders own 38.80% of the company's stock.

Remove Ads

St. Joe Trading Down 0.4 %

NYSE:JOE traded down $0.21 during trading hours on Thursday, hitting $46.96. 190,869 shares of the company were exchanged, compared to its average volume of 251,834. The company has a fifty day simple moving average of $47.16 and a 200 day simple moving average of $50.39. The St. Joe Company has a one year low of $42.94 and a one year high of $64.69. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 39.79 and a beta of 1.30. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The company had revenue of $104.30 million for the quarter.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Monday, March 10th. St. Joe's dividend payout ratio is presently 44.09%.

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.