Callan Capital LLC Buys New Holdings in The St. Joe Company (NYSE:JOE)

Callan Capital LLC acquired a new stake in The St. Joe Company (NYSE:JOE) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,575 shares of the financial services provider’s stock, valued at approximately $633,000.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 427 shares during the period. Quest Partners LLC grew its position in shares of St. Joe by 72,300.0% in 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 during the last quarter. nVerses Capital LLC increased its stake in shares of St. Joe by 100.0% during the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after buying an additional 400 shares during the period. Lowe Wealth Advisors LLC bought a new position in shares of St. Joe during the second quarter valued at approximately $63,000. Finally, SG Americas Securities LLC lifted its stake in St. Joe by 17.1% in the second quarter. SG Americas Securities LLC now owns 3,417 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 498 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bruce R. Berkowitz sold 28,100 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the sale, the director now owns 18,172,524 shares in the company, valued at approximately $1,144,505,561.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Bruce R. Berkowitz sold 28,100 shares of St. Joe stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the completion of the transaction, the director now directly owns 18,172,524 shares of the company’s stock, valued at approximately $1,144,505,561.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bruce R. Berkowitz sold 97,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the completion of the sale, the director now owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 285,000 shares of company stock worth $17,558,573. 38.80% of the stock is owned by corporate insiders.

St. Joe Stock Down 1.4 %

Shares of St. Joe stock opened at $60.30 on Friday. The company’s fifty day simple moving average is $59.24 and its two-hundred day simple moving average is $56.90. The St. Joe Company has a 12-month low of $45.93 and a 12-month high of $64.69. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.87. The company has a market cap of $3.52 billion, a P/E ratio of 43.07 and a beta of 1.26.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $111.60 million during the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%.

St. Joe Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.93%. This is a boost from St. Joe’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 9th. St. Joe’s dividend payout ratio is presently 40.00%.

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.