The St. Joe Company (NYSE:JOE) Shares Sold by Forest Hill Capital LLC

Forest Hill Capital LLC lowered its holdings in shares of The St. Joe Company (NYSE:JOE) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,000 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. St. Joe makes up 2.7% of Forest Hill Capital LLC’s holdings, making the stock its 7th largest position. Forest Hill Capital LLC owned about 0.14% of St. Joe worth $3,549,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JOE. Vanguard Group Inc. grew its position in shares of St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock valued at $278,449,000 after purchasing an additional 252,906 shares during the period. Geode Capital Management LLC increased its stake in St. Joe by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider’s stock worth $40,746,000 after buying an additional 8,031 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in shares of St. Joe by 7.7% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider’s stock valued at $25,350,000 after acquiring an additional 40,354 shares during the last quarter. Northern Trust Corp boosted its stake in shares of St. Joe by 7.4% in the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider’s stock worth $19,512,000 after acquiring an additional 29,918 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider’s stock worth $16,380,000 after purchasing an additional 6,904 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Trading Up 0.1 %

Shares of JOE opened at $44.49 on Friday. The firm’s fifty day moving average is $44.30 and its two-hundred day moving average is $46.92. The stock has a market cap of $2.59 billion, a PE ratio of 37.70 and a beta of 1.37. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. The company had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe’s dividend payout ratio (DPR) is presently 42.11%.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the transaction, the insider now directly owns 17,162,524 shares in the company, valued at $808,526,505.64. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 300,000 shares of company stock worth $14,113,022 over the last three months. Insiders own 38.80% of the company’s stock.

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.