St. Joe Company (The) (NYSE:JOE) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of St. Joe Company (The) (NYSE:JOE - Free Report) by 4,884.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,190 shares of the financial services provider's stock after buying an additional 49,183 shares during the period. GAMMA Investing LLC owned 0.09% of St. Joe worth $2,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in St. Joe by 277.4% in 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 during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of St. Joe during the fourth quarter worth about $38,000. Campbell Capital Management Inc. purchased a new stake in shares of St. Joe in the 4th quarter valued at about $67,000. XTX Topco Ltd acquired a new stake in shares of St. Joe in the 4th quarter valued at about $210,000. Finally, Legacy Capital Group California Inc. grew its stake in St. Joe by 12.4% during 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 during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

St. Joe Stock Performance

JOE stock traded down $0.32 on Tuesday, hitting $46.16. The company's stock had a trading volume of 288,289 shares, compared to its average volume of 229,936. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 34.71 and a beta of 1.36. The firm has a 50 day moving average of $44.16 and a two-hundred day moving average of $45.70. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $64.69.

St. Joe (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. St. Joe had a net margin of 18.99% and a return on equity of 10.62%. The business had revenue of $94.20 million during the quarter.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio is presently 42.11%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $47.01, for a total transaction of $136,329.00. Following the completion of the transaction, the insider now owns 16,940,624 shares in the company, valued at approximately $796,378,734.24. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.80% of the stock is owned by insiders.

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.