Amalgamated Bank Raises Position in The St. Joe Company (NYSE:JOE)

Amalgamated Bank grew its holdings in shares of The St. Joe Company (NYSE:JOE) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,090 shares of the financial services provider’s stock after purchasing an additional 246 shares during the period. Amalgamated Bank’s holdings in St. Joe were worth $647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd purchased a new stake in shares of St. Joe during the 1st quarter valued at $558,000. International Assets Investment Management LLC purchased a new stake in shares of St. Joe during the 3rd quarter valued at $680,000. Vanguard Group Inc. lifted its holdings in shares of St. Joe by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after purchasing an additional 59,563 shares during the last quarter. Algert Global LLC lifted its holdings in shares of St. Joe by 9.4% during the 2nd quarter. Algert Global LLC now owns 134,851 shares of the financial services provider’s stock valued at $7,376,000 after purchasing an additional 11,592 shares during the last quarter. Finally, Old West Investment Management LLC lifted its holdings in shares of St. Joe by 14.1% during the 2nd quarter. Old West Investment Management LLC now owns 75,544 shares of the financial services provider’s stock valued at $4,132,000 after purchasing an additional 9,362 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

NYSE JOE opened at $49.96 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The stock’s fifty day moving average price is $56.38 and its 200 day moving average price is $56.96. The St. Joe Company has a 1 year low of $49.36 and a 1 year high of $64.69. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 42.34 and a beta of 1.27.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe’s payout ratio is 47.46%.

Insider Activity at St. Joe

In related news, CEO Jorge Luis Gonzalez purchased 1,695 shares of the business’s stock in a transaction on Friday, October 25th. The shares were bought at an average cost of $53.05 per share, with a total value of $89,919.75. Following the transaction, the chief executive officer now owns 60,093 shares of the company’s stock, valued at approximately $3,187,933.65. This trade represents a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 54,100 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.39, for a total value of $3,267,099.00. Following the sale, the director now directly owns 17,976,124 shares in the company, valued at $1,085,578,128.36. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 600,700 shares of company stock valued at $33,085,747 in the last ninety days. Company insiders own 38.80% of the company’s stock.

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.