Old West Investment Management LLC Boosts Stock Holdings in The St. Joe Company (NYSE:JOE)

Old West Investment Management LLC lifted its position in The St. Joe Company (NYSE:JOE) by 68.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,374 shares of the financial services provider’s stock after acquiring an additional 51,830 shares during the quarter. St. Joe makes up approximately 2.7% of Old West Investment Management LLC’s portfolio, making the stock its 17th largest position. Old West Investment Management LLC owned about 0.22% of St. Joe worth $7,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JOE. EverSource Wealth Advisors LLC increased its stake in St. Joe by 263.6% in the 1st 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 holdings in shares of St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 723 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 615 shares in the last quarter. nVerses Capital LLC increased its position 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 acquiring an additional 400 shares during the last quarter. Finally, Lowe Wealth Advisors LLC bought a new stake in St. Joe during the second quarter worth $63,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Up 1.6 %

Shares of NYSE:JOE opened at $52.20 on Wednesday. The St. Joe Company has a 1 year low of $47.83 and a 1 year high of $64.69. The company has a market capitalization of $3.05 billion, a PE ratio of 44.23 and a beta of 1.27. The business has a fifty day moving average price of $57.40 and a two-hundred day moving average price of $57.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.07%. St. Joe’s payout ratio is currently 47.46%.

Insider Buying and Selling

In other news, CEO Jorge Luis Gonzalez purchased 1,695 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was bought at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the purchase, the chief executive officer now owns 60,093 shares of the company’s stock, valued at $3,187,933.65. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other St. Joe news, CEO Jorge Luis Gonzalez purchased 1,695 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average cost of $53.05 per share, for a total transaction of $89,919.75. Following the purchase, the chief executive officer now owns 60,093 shares of the company’s stock, valued at $3,187,933.65. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 11,000 shares of St. Joe stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.12, for a total transaction of $584,320.00. Following the completion of the transaction, the insider now owns 17,785,024 shares of the company’s stock, valued at $944,740,474.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 242,300 shares of company stock valued at $13,967,667. 38.80% of the stock is owned by company insiders.

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.