Gamco Investors INC. ET AL Sells 39,200 Shares of The St. Joe Company (NYSE:JOE)

Gamco Investors INC. ET AL lowered its stake in shares of The St. Joe Company (NYSE:JOE) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 675,700 shares of the financial services provider’s stock after selling 39,200 shares during the period. Gamco Investors INC. ET AL’s holdings in St. Joe were worth $30,359,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in JOE. State Street Corp lifted its stake in St. Joe by 5.7% in the third quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock valued at $81,403,000 after acquiring an additional 75,374 shares during the last quarter. Barclays PLC raised its holdings in shares of St. Joe by 404.5% in the 3rd quarter. Barclays PLC now owns 64,990 shares of the financial services provider’s stock valued at $3,790,000 after purchasing an additional 52,107 shares during the period. Geode Capital Management LLC lifted its stake in St. Joe by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 898,637 shares of the financial services provider’s stock valued at $52,409,000 after purchasing an additional 23,973 shares during the last quarter. Virtu Financial LLC bought a new position in St. Joe during the third quarter worth about $245,000. Finally, JPMorgan Chase & Co. increased its position in St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider’s stock worth $8,896,000 after buying an additional 35,600 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Price Performance

NYSE:JOE opened at $42.71 on Tuesday. The St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 36.20 and a beta of 1.28. The stock’s 50 day moving average price is $45.92 and its two-hundred day moving average price is $48.82. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $104.30 million for the quarter.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.31%. St. Joe’s dividend payout ratio (DPR) is currently 44.09%.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the transaction, the insider now owns 16,940,624 shares of the company’s stock, valued at approximately $796,378,734.24. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 300,000 shares of company stock valued at $14,113,022 in the last three months. 38.80% of the stock is currently owned by company 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.