SG Americas Securities LLC lessened its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 84.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,750 shares of the financial services provider's stock after selling 21,024 shares during the period. SG Americas Securities LLC's holdings in St. Joe were worth $226,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Money Concepts Capital Corp bought a new stake in St. Joe during the 4th quarter valued at approximately $26,000. Lazard Asset Management LLC bought a new stake in St. Joe during the 3rd quarter valued at approximately $33,000. Signaturefd LLC boosted its position in St. Joe by 1,198.0% during the 3rd quarter. Signaturefd LLC now owns 662 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 611 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in St. Joe by 93.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 909 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 440 shares in the last quarter. Finally, First Manhattan CO. LLC. bought a new stake in St. Joe during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 86.67% of the company's stock.
Insider Transactions at St. Joe
In other news, Director Bruce R. Berkowitz sold 3,200 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $54.85, for a total value of $175,520.00. Following the sale, the director now directly owns 19,387,024 shares of the company's stock, valued at approximately $1,063,378,266.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Bruce R. Berkowitz sold 3,200 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $54.85, for a total value of $175,520.00. Following the transaction, the director now directly owns 19,387,024 shares of the company's stock, valued at approximately $1,063,378,266.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 7,300 shares of the company's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $54.28, for a total value of $396,244.00. Following the completion of the transaction, the director now directly owns 19,228,724 shares in the company, valued at $1,043,735,138.72. The disclosure for this sale can be found here. Insiders have sold a total of 106,800 shares of company stock valued at $5,780,959 in the last ninety days. 42.00% of the stock is currently owned by corporate insiders.
St. Joe Stock Down 1.1 %
St. Joe stock traded down $0.66 during trading hours on Friday, hitting $56.89. 153,112 shares of the stock traded hands, compared to its average volume of 181,720. The firm's 50-day moving average price is $55.03 and its two-hundred day moving average price is $54.28. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.90. The company has a market cap of $3.32 billion, a PE ratio of 42.46 and a beta of 1.30. The St. Joe Company has a one year low of $38.81 and a one year high of $65.99.
St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a return on equity of 11.40% and a net margin of 19.96%. The business had revenue of $86.70 million for the quarter.
St. Joe Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.84%. St. Joe's dividend payout ratio is currently 35.82%.
About St. Joe
(
Free Report)
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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