Capstone Investment Advisors LLC Sells 8,940 Shares of The St. Joe Company (NYSE:JOE)

Capstone Investment Advisors LLC decreased its stake in shares of The St. Joe Company (NYSE:JOEFree Report) by 66.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,450 shares of the financial services provider’s stock after selling 8,940 shares during the period. Capstone Investment Advisors LLC’s holdings in St. Joe were worth $268,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of St. Joe during the fourth quarter worth approximately $67,000. Quest Partners LLC acquired a new position in St. Joe during the 4th quarter worth $162,000. M&T Bank Corp bought a new position in St. Joe in the 4th quarter valued at $203,000. Advisory Services Network LLC acquired a new stake in shares of St. Joe in the 4th quarter valued at $203,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of St. Joe during the fourth quarter worth $218,000. Institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

St. Joe stock opened at $56.60 on Monday. The business’s 50-day simple moving average is $57.12 and its 200 day simple moving average is $55.89. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 40.43 and a beta of 1.28. The St. Joe Company has a 12-month low of $44.13 and a 12-month high of $65.99.

St. Joe (NYSE:JOEGet Free Report) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $87.80 million for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, May 14th. St. Joe’s dividend payout ratio is presently 34.29%.

Insider Buying and Selling at St. Joe

In other news, Director Bruce R. Berkowitz sold 1,500 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $59.19, for a total value of $88,785.00. Following the transaction, the director now directly owns 19,227,224 shares in the company, valued at approximately $1,138,059,388.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 1,500 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $59.19, for a total value of $88,785.00. Following the transaction, the director now owns 19,227,224 shares of the company’s stock, valued at $1,138,059,388.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Berkowitz sold 2,600 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $59.05, for a total value of $153,530.00. Following the transaction, the director now owns 19,224,624 shares of the company’s stock, valued at $1,135,214,047.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,600 shares of company stock worth $9,559,650. Insiders own 38.80% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for St. Joe (NYSE:JOE)

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