The St. Joe Company (NYSE:JOE) Holdings Lifted by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in The St. Joe Company (NYSE:JOE) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,643 shares of the financial services provider’s stock after acquiring an additional 728 shares during the period. State of Alaska Department of Revenue’s holdings in St. Joe were worth $1,262,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of JOE. EverSource Wealth Advisors LLC lifted its position in shares of St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 427 shares in the last quarter. Quest Partners LLC lifted its position in St. Joe by 72,300.0% in the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after buying an additional 615 shares during the period. nVerses Capital LLC grew its holdings in shares of St. Joe by 100.0% during the 2nd 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 in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of St. Joe in the second quarter worth $63,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Price Performance

Shares of NYSE:JOE opened at $50.68 on Monday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 42.95 and a beta of 1.27. The St. Joe Company has a 1 year low of $47.32 and a 1 year high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $57.73 and a 200 day simple moving average of $57.30.

St. Joe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.10%. St. Joe’s dividend payout ratio is 47.46%.

Insider Activity at St. Joe

In related news, Director Bruce R. Berkowitz sold 97,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the transaction, the director now owns 17,878,924 shares of the company’s stock, valued at approximately $1,078,814,274.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Bruce R. Berkowitz sold 97,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.34, for a total value of $5,865,048.00. Following the completion of the sale, the director now directly owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bruce R. Berkowitz sold 54,100 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.39, for a total value of $3,267,099.00. Following the transaction, the director now owns 17,976,124 shares in the company, valued at approximately $1,085,578,128.36. This trade 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 sold 242,300 shares of company stock valued at $13,967,667. 38.80% of the stock is owned by corporate insiders.

About St. Joe

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.