13,120 Shares in The St. Joe Company (NYSE:JOE) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of The St. Joe Company (NYSE:JOE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,120 shares of the financial services provider’s stock, valued at approximately $589,000.

Several other hedge funds also recently made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its stake in shares of St. Joe by 14.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 21,769 shares of the financial services provider’s stock worth $978,000 after acquiring an additional 2,694 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of St. Joe by 4.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 22,117 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 901 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of St. Joe by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 347,929 shares of the financial services provider’s stock worth $15,632,000 after acquiring an additional 16,514 shares during the period. Legacy Capital Group California Inc. lifted its stake in shares of St. Joe by 12.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 540 shares during the period. Finally, Rye Brook Capital LLC acquired a new stake in shares of St. Joe in the 4th quarter worth $1,105,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Up 0.4 %

JOE stock opened at $47.20 on Monday. The St. Joe Company has a one year low of $42.94 and a one year high of $64.69. The stock has a market capitalization of $2.75 billion, a PE ratio of 40.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The company has a fifty day moving average of $46.91 and a 200-day moving average of $51.49.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The firm had revenue of $104.30 million during the quarter.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is 44.09%.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total value of $1,934,166.00. Following the completion of the sale, the insider now owns 17,310,124 shares in the company, valued at $814,614,435.44. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.