Amalgamated Bank Acquires 246 Shares of The St. Joe Company (NYSE:JOE)

Amalgamated Bank grew its holdings in shares of The St. Joe Company (NYSE:JOE) by 2.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,090 shares of the financial services provider’s stock after buying an additional 246 shares during the quarter. Amalgamated Bank’s holdings in St. Joe were worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JOE. EverSource Wealth Advisors LLC grew its stake in shares of St. Joe by 263.6% during the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after buying an additional 427 shares during the last quarter. Quest Partners LLC grew its stake in St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 723 shares in the last quarter. Blue Trust Inc. grew its stake in St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 615 shares in the last quarter. nVerses Capital LLC grew its stake in St. Joe by 100.0% in the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Lowe Wealth Advisors LLC bought a new position in St. Joe in the second quarter worth approximately $63,000. Institutional investors own 86.67% of the company’s stock.

St. Joe Stock Down 0.2 %

Shares of NYSE:JOE opened at $49.96 on Friday. The St. Joe Company has a 52-week low of $49.36 and a 52-week high of $64.69. The stock has a market cap of $2.92 billion, a P/E ratio of 42.34 and a beta of 1.27. The business’s 50 day moving average is $56.38 and its 200 day moving average is $56.96. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 1.12%. St. Joe’s dividend payout ratio (DPR) is currently 47.46%.

Insider Buying and Selling

In other St. Joe news, Director Bruce R. Berkowitz sold 54,100 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.39, for a total transaction of $3,267,099.00. Following the completion of the sale, the director now owns 17,976,124 shares in the company, valued at $1,085,578,128.36. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jorge Luis Gonzalez bought 1,695 shares of the stock in a transaction on Friday, October 25th. The shares were bought at an average price of $53.05 per share, with a total value of $89,919.75. Following the acquisition, the chief executive officer now owns 60,093 shares of the company’s stock, valued at $3,187,933.65. This trade represents a 2.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 600,700 shares of company stock valued at $33,085,747 over the last quarter. 38.80% of the stock is owned by corporate insiders.

St. Joe Company 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.