St. Joe Company (The) $JOE Shares Sold by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC decreased its holdings in shares of St. Joe Company (The) (NYSE:JOE) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,247 shares of the financial services provider’s stock after selling 3,920 shares during the quarter. St. Joe makes up 8.9% of Diversified Investment Strategies LLC’s holdings, making the stock its 3rd biggest position. Diversified Investment Strategies LLC owned about 0.48% of St. Joe worth $13,177,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. CWM LLC lifted its holdings in St. Joe by 239.4% during the 2nd quarter. CWM LLC now owns 12,589 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 8,880 shares during the last quarter. Inspire Investing LLC lifted its holdings in St. Joe by 12.5% during the 2nd quarter. Inspire Investing LLC now owns 8,256 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 915 shares during the last quarter. Callan Family Office LLC lifted its holdings in St. Joe by 14.1% during the 2nd quarter. Callan Family Office LLC now owns 7,730 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 957 shares during the last quarter. Rye Brook Capital LLC lifted its holdings in St. Joe by 20.7% during the 2nd quarter. Rye Brook Capital LLC now owns 61,800 shares of the financial services provider’s stock valued at $2,948,000 after purchasing an additional 10,600 shares during the last quarter. Finally, Viewpoint Capital Management LLC lifted its holdings in St. Joe by 13.5% during the 2nd quarter. Viewpoint Capital Management LLC now owns 8,384 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Up 2.1%

JOE opened at $48.55 on Wednesday. St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $60.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $2.81 billion, a P/E ratio of 34.19 and a beta of 1.31. The stock has a fifty day moving average of $49.99 and a 200-day moving average of $47.52.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%.The company had revenue of $129.10 million during the quarter.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a $0.14 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. St. Joe’s dividend payout ratio (DPR) is presently 39.44%.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.44, for a total value of $8,616,200.00. Following the transaction, the insider owned 16,634,024 shares in the company, valued at approximately $855,654,194.56. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 616,000 shares of company stock valued at $31,340,145 in the last quarter. 38.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of St. Joe in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.