Jump Financial LLC Invests $372,000 in The St. Joe Company (NYSE:JOE)

Jump Financial LLC acquired a new stake 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 firm acquired 8,273 shares of the financial services provider's stock, valued at approximately $372,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after purchasing an additional 430 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in St. Joe in the 4th quarter valued at $67,000. KBC Group NV increased its stake in shares of St. Joe by 38.8% during the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock worth $93,000 after acquiring an additional 576 shares during the period. XTX Topco Ltd purchased a new position in shares of St. Joe during the 4th quarter worth approximately $210,000. Finally, Legacy Capital Group California Inc. lifted its holdings in St. Joe by 12.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock valued at $220,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 86.67% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe stock in a transaction 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 owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 300,000 shares of company stock valued at $14,113,022. Insiders own 38.80% of the company's stock.

St. Joe Price Performance

JOE traded down $0.23 on Wednesday, hitting $42.25. 107,978 shares of the company were exchanged, compared to its average volume of 221,100. The St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $64.69. The firm has a market capitalization of $2.46 billion, a P/E ratio of 35.81 and a beta of 1.28. The business's fifty day moving average is $44.80 and its 200 day moving average is $47.68. 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 (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $94.20 million during the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.33%. St. Joe's dividend payout ratio (DPR) is presently 42.11%.

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.