Legacy Capital Group California Inc. Makes New $254,000 Investment in The St. Joe Company (NYSE:JOE)

Legacy Capital Group California Inc. purchased a new position in shares of The St. Joe Company (NYSE:JOE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,359 shares of the financial services provider’s stock, valued at approximately $254,000.

Several other hedge funds have also recently added to or reduced their stakes in JOE. Vanguard Group Inc. raised its holdings in St. Joe by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock worth $334,213,000 after purchasing an additional 59,563 shares during the last quarter. Raymond James & Associates increased its stake in shares of St. Joe by 169.6% in the 2nd quarter. Raymond James & Associates now owns 89,286 shares of the financial services provider’s stock valued at $4,884,000 after acquiring an additional 56,171 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of St. Joe in the 1st quarter valued at $2,097,000. Susquehanna Fundamental Investments LLC increased its stake in shares of St. Joe by 377.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 24,701 shares of the financial services provider’s stock valued at $1,351,000 after acquiring an additional 19,526 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of St. Joe by 493.8% in the 3rd quarter. SG Americas Securities LLC now owns 20,290 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 16,873 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

St. Joe Stock Performance

NYSE:JOE opened at $53.13 on Friday. The company has a fifty day moving average of $58.44 and a 200-day moving average of $57.47. The firm has a market capitalization of $3.10 billion, a P/E ratio of 43.55 and a beta of 1.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.87. The St. Joe Company has a twelve month low of $45.93 and a twelve month high of $64.69.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter. The company had revenue of $111.60 million during the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend yield of 1.05%. St. Joe’s dividend payout ratio is currently 45.90%.

Insider Buying and Selling at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 51,600 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $62.28, for a total transaction of $3,213,648.00. Following the completion of the sale, the director now owns 18,030,924 shares in the company, valued at approximately $1,122,965,946.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 28,100 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the completion of the sale, the director now owns 18,172,524 shares in the company, valued at approximately $1,144,505,561.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bruce R. Berkowitz sold 51,600 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $62.28, for a total transaction of $3,213,648.00. Following the sale, the director now owns 18,030,924 shares of the company’s stock, valued at $1,122,965,946.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 231,000 shares of company stock worth $14,115,533. 38.80% of the stock is owned by corporate 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.