The St. Joe Company (NYSE:JOE) Stock Position Reduced by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. cut its stake in shares of The St. Joe Company (NYSE:JOE) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,124 shares of the financial services provider’s stock after selling 494 shares during the period. Mraz Amerine & Associates Inc.’s holdings in St. Joe were worth $1,693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JOE. GSA Capital Partners LLP bought a new stake in St. Joe in the third quarter worth approximately $1,779,000. Northern Trust Corp grew its position in St. Joe by 5.5% in the third quarter. Northern Trust Corp now owns 413,648 shares of the financial services provider’s stock worth $22,473,000 after acquiring an additional 21,497 shares in the last quarter. Teza Capital Management LLC bought a new stake in St. Joe in the third quarter worth approximately $298,000. Raymond James & Associates grew its position in St. Joe by 0.8% in the third quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock worth $1,713,000 after acquiring an additional 252 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in St. Joe in the third quarter worth approximately $1,576,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Stock Down 1.9 %

JOE stock traded down $1.06 during trading hours on Wednesday, hitting $54.66. The company’s stock had a trading volume of 163,666 shares, compared to its average volume of 182,320. The stock has a 50 day moving average price of $55.08 and a two-hundred day moving average price of $54.28. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.90. The St. Joe Company has a 12 month low of $38.81 and a 12 month high of $65.99. The company has a market capitalization of $3.19 billion, a PE ratio of 41.61 and a beta of 1.30.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a net margin of 19.96% and a return on equity of 11.40%. The business had revenue of $86.70 million during the quarter.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, March 1st. St. Joe’s payout ratio is 35.82%.

Insider Transactions at St. Joe

In other news, Director Bruce R. Berkowitz sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $54.04, for a total value of $167,524.00. Following the completion of the sale, the director now directly owns 19,327,424 shares in the company, valued at $1,044,453,992.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other St. Joe news, Director Bruce R. Berkowitz sold 88,700 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $54.03, for a total value of $4,792,461.00. Following the sale, the director now owns 19,236,024 shares of the company’s stock, valued at approximately $1,039,322,376.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Berkowitz sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $54.04, for a total transaction of $167,524.00. Following the completion of the sale, the director now directly owns 19,327,424 shares in the company, valued at approximately $1,044,453,992.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,800 shares of company stock worth $5,780,959. 38.80% of the stock is owned by 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.