GAMMA Investing LLC Acquires 49,183 Shares of The St. Joe Company (NYSE:JOE)

GAMMA Investing LLC boosted its stake in shares of The St. Joe Company (NYSE:JOE - Free Report) by 4,884.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,190 shares of the financial services provider's stock after acquiring an additional 49,183 shares during the period. GAMMA Investing LLC owned 0.09% of St. Joe worth $2,356,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake 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 valued at $26,000 after acquiring an additional 430 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of St. Joe in the 4th quarter worth $38,000. Campbell Capital Management Inc. purchased a new position in shares of St. Joe in the 4th quarter worth $67,000. XTX Topco Ltd purchased a new position in shares of St. Joe in the 4th quarter worth $210,000. Finally, Legacy Capital Group California Inc. grew its stake in shares of St. Joe by 12.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after buying an additional 540 shares in the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of St. Joe from a "buy" rating to a "hold" rating in a research note on Sunday, June 8th.

St. Joe Price Performance

Shares of NYSE:JOE traded down $0.82 on Friday, reaching $46.02. The company's stock had a trading volume of 182,573 shares, compared to its average volume of 229,072. The St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69. The company has a market cap of $2.68 billion, a P/E ratio of 39.00 and a beta of 1.36. The company has a 50-day simple moving average of $43.99 and a 200 day simple moving average of $45.76. 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 released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The firm 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 company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.22%. St. Joe's dividend payout ratio (DPR) is presently 42.11%.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $47.01, for a total value of $136,329.00. Following the completion of the sale, the insider now directly owns 16,940,624 shares of the company's stock, valued at $796,378,734.24. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 38.80% of the company's stock.

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.