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

GAMMA Investing LLC reduced its stake in The St. Joe Company (NYSE:JOE) by 40.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,007 shares of the financial services provider’s stock after selling 686 shares during the quarter. GAMMA Investing LLC’s holdings in St. Joe were worth $45,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JOE. Point72 Hong Kong Ltd acquired a new stake in St. Joe during the 3rd quarter worth approximately $35,000. Quest Partners LLC lifted its holdings in St. Joe by 72,300.0% during the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. lifted its holdings in St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after buying an additional 615 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in St. Joe by 86.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider’s stock worth $60,000 after buying an additional 512 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in St. Joe by 163.6% during the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after buying an additional 700 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Price Performance

St. Joe stock opened at $45.80 on Tuesday. The firm has a market cap of $2.67 billion, a PE ratio of 38.81 and a beta of 1.27. The St. Joe Company has a 52-week low of $42.94 and a 52-week high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $48.00 and its two-hundred day moving average is $54.42.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were issued a $0.14 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.22%. St. Joe’s payout ratio is 47.46%.

Insider Activity

In related news, major shareholder Bruce R. Berkowitz sold 343,400 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $53.45, for a total value of $18,354,730.00. Following the transaction, the insider now directly owns 17,396,624 shares of the company’s stock, valued at $929,849,552.80. This trade represents a 1.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jorge Luis Gonzalez bought 1,695 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average cost of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the transaction, the chief executive officer now directly owns 60,093 shares in the company, valued at approximately $3,187,933.65. The trade was a 2.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 449,400 shares of company stock worth $23,953,600. 38.80% of the stock is currently owned by corporate 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.