Quadrature Capital Ltd Trims Position in The St. Joe Company (NYSE:JOE)

Quadrature Capital Ltd decreased its holdings in shares of The St. Joe Company (NYSE:JOE) by 48.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,339 shares of the financial services provider’s stock after selling 11,578 shares during the period. Quadrature Capital Ltd’s holdings in St. Joe were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JOE. Norges Bank purchased a new position in St. Joe during the 4th quarter valued at about $13,952,000. Capital Research Global Investors increased its position in St. Joe by 41.0% during the 4th quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock valued at $14,178,000 after purchasing an additional 68,500 shares during the period. Connectus Wealth LLC purchased a new position in St. Joe during the 4th quarter valued at about $2,411,000. GSA Capital Partners LLP purchased a new position in St. Joe during the 3rd quarter valued at about $1,779,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in St. Joe during the 3rd quarter valued at about $1,576,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Trading Up 0.0 %

NYSE JOE opened at $53.24 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 38.03 and a beta of 1.28. The company’s 50-day simple moving average is $56.34 and its two-hundred day simple moving average is $56.03. The St. Joe Company has a one year low of $44.20 and a one year high of $65.99.

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

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, May 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Tuesday, May 14th. St. Joe’s dividend payout ratio (DPR) is presently 34.29%.

Insider Buying and Selling

In related news, Director Bruce R. Berkowitz sold 65,500 shares of St. Joe stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $58.25, for a total value of $3,815,375.00. Following the completion of the sale, the director now directly owns 18,288,924 shares in the company, valued at approximately $1,065,329,823. The transaction was disclosed in a document filed 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 St. Joe stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $59.19, for a total transaction of $88,785.00. Following the completion of the sale, the director now directly owns 19,227,224 shares in the company, valued at approximately $1,138,059,388.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 65,500 shares of St. Joe stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $58.25, for a total transaction of $3,815,375.00. Following the sale, the director now owns 18,288,924 shares of the company’s stock, valued at $1,065,329,823. The disclosure for this sale can be found here. Insiders sold 163,600 shares of company stock worth $9,559,650 in the last three months. Corporate insiders own 38.80% 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.