Mraz Amerine & Associates Inc. Raises Holdings in St. Joe Company (The) $JOE

Key Points

• Mraz Amerine & Associates Inc. has increased its holdings in St. Joe Company by 16.4%, now owning 51,003 shares valued at approximately $2.43 million.
• Major shareholder Bruce R. Berkowitz sold 104,100 shares recently, decreasing his position by 0.63%, while insiders have sold a total of 616,000 shares in the last ninety days.
• St. Joe announced a quarterly dividend of $0.14 per share, with an annualized dividend yield of 1.2% and a dividend payout ratio of 39.44%.

Mraz Amerine & Associates Inc. increased its position in shares of St. Joe Company (The) (NYSE:JOE - Free Report) by 16.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,003 shares of the financial services provider's stock after buying an additional 7,188 shares during the period. Mraz Amerine & Associates Inc. owned about 0.09% of St. Joe worth $2,433,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MAI Capital Management grew its holdings in St. Joe by 120.8% during the 1st quarter. MAI Capital Management now owns 1,104 shares of the financial services provider's stock worth $52,000 after acquiring an additional 604 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of St. Joe by 21.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider's stock worth $62,000 after purchasing an additional 226 shares during the period. CWM LLC boosted its stake in shares of St. Joe by 472.4% during the first quarter. CWM LLC now owns 3,709 shares of the financial services provider's stock valued at $174,000 after purchasing an additional 3,061 shares in the last quarter. Entropy Technologies LP purchased a new position in St. Joe during the first quarter valued at approximately $222,000. Finally, Cresset Asset Management LLC bought a new position in St. Joe in the first quarter worth approximately $237,000. 86.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $51.08, for a total transaction of $5,317,428.00. Following the sale, the insider owned 16,324,624 shares of the company's stock, valued at approximately $833,861,793.92. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 616,000 shares of company stock valued at $31,340,145. 38.80% of the stock is owned by company insiders.

St. Joe Stock Performance

Shares of JOE opened at $47.72 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The firm has a market cap of $2.76 billion, a PE ratio of 33.61 and a beta of 1.31. St. Joe Company has a 12 month low of $40.19 and a 12 month high of $60.36. The stock has a fifty day moving average price of $50.38 and a 200-day moving average price of $47.50.

St. Joe (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%.The company had revenue of $129.10 million for the quarter.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 22nd. St. Joe's dividend payout ratio (DPR) is presently 39.44%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of St. Joe in a research report on Saturday, September 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

About St. Joe

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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