Inspire Investing LLC Sells 1,162 Shares of The St. Joe Company (NYSE:JOE)

Inspire Investing LLC reduced its stake in shares of The St. Joe Company (NYSE:JOE) by 15.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,505 shares of the financial services provider’s stock after selling 1,162 shares during the quarter. Inspire Investing LLC’s holdings in St. Joe were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of St. Joe by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after buying an additional 59,563 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of St. Joe by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,525,941 shares of the financial services provider’s stock valued at $83,467,000 after buying an additional 5,144 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of St. Joe by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 351,319 shares of the financial services provider’s stock worth $19,217,000 after purchasing an additional 11,113 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of St. Joe by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 289,875 shares of the financial services provider’s stock worth $17,445,000 after purchasing an additional 7,581 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of St. Joe by 41.0% in the fourth quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock worth $14,178,000 after purchasing an additional 68,500 shares during the last quarter. 86.67% of the stock is owned by institutional investors.

St. Joe Stock Down 1.4 %

NYSE JOE opened at $60.30 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $3.52 billion, a PE ratio of 43.07 and a beta of 1.26. The St. Joe Company has a 1 year low of $45.93 and a 1 year high of $64.69. The business’s 50-day moving average is $59.29 and its 200 day moving average is $56.98.

St. Joe (NYSE:JOE) last posted its 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 for the quarter. St. Joe had a return on equity of 10.07% and a net margin of 18.32%.

St. Joe Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a dividend of $0.14 per share. 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 payout ratio is presently 40.00%.

Insider Buying and Selling at St. Joe

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

About St. Joe

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.