GAMMA Investing LLC Buys 226 Shares of St. Joe Company (The) $JOE

GAMMA Investing LLC raised its stake in shares of St. Joe Company (The) (NYSE:JOE) by 21.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,295 shares of the financial services provider’s stock after acquiring an additional 226 shares during the quarter. GAMMA Investing LLC’s holdings in St. Joe were worth $62,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in JOE. California State Teachers Retirement System raised its holdings in shares of St. Joe by 14.0% in the fourth quarter. California State Teachers Retirement System now owns 37,861 shares of the financial services provider’s stock valued at $1,701,000 after buying an additional 4,638 shares during the last quarter. SG Americas Securities LLC bought a new stake in St. Joe during the 1st quarter worth about $475,000. Handelsbanken Fonder AB raised its holdings in St. Joe by 12.1% during the 1st quarter. Handelsbanken Fonder AB now owns 18,474 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 2,000 shares during the last quarter. Sterling Investment Management LLC bought a new stake in St. Joe during the 1st quarter worth about $998,000. Finally, Accordant Advisory Group Inc raised its holdings in St. Joe by 44.2% during the 1st quarter. Accordant Advisory Group Inc now owns 75,331 shares of the financial services provider’s stock worth $3,537,000 after purchasing an additional 23,104 shares during the last quarter. 86.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JOE has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of St. Joe in a report on Saturday, September 27th. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a report on Sunday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

St. Joe Price Performance

Shares of JOE opened at $49.33 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50 day simple moving average of $50.44 and a 200 day simple moving average of $47.48. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $60.36. The firm has a market capitalization of $2.86 billion, a PE ratio of 34.74 and a beta of 1.31.

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

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a $0.14 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.56 annualized dividend and a yield of 1.1%. St. Joe’s payout ratio is presently 39.44%.

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 stock was sold at an average price of $51.08, for a total value of $5,317,428.00. Following the sale, the insider owned 16,324,624 shares in the company, valued at approximately $833,861,793.92. The trade was a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 616,000 shares of company stock valued at $31,340,145. Insiders own 0.32% of the company’s stock.

St. Joe 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.