Susquehanna Fundamental Investments LLC Increases Stock Position in The St. Joe Company (NYSE:JOE)

Susquehanna Fundamental Investments LLC lifted its holdings in The St. Joe Company (NYSE:JOE) by 377.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,701 shares of the financial services provider’s stock after purchasing an additional 19,526 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in St. Joe were worth $1,351,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. UniSuper Management Pty Ltd purchased a new stake in shares of St. Joe in the 1st quarter worth approximately $558,000. Connectus Wealth LLC acquired a new stake in St. Joe in the fourth quarter valued at approximately $2,411,000. Vanguard Group Inc. boosted its stake in St. Joe by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after acquiring an additional 59,563 shares in the last quarter. Annex Advisory Services LLC boosted its stake in St. Joe by 45.1% in the fourth quarter. Annex Advisory Services LLC now owns 15,223 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 4,734 shares in the last quarter. Finally, Old West Investment Management LLC boosted its stake in St. Joe by 14.1% in the second quarter. Old West Investment Management LLC now owns 75,544 shares of the financial services provider’s stock valued at $4,132,000 after acquiring an additional 9,362 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

Shares of JOE opened at $57.74 on Wednesday. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 41.24 and a beta of 1.26. The St. Joe Company has a twelve month low of $45.93 and a twelve month high of $64.69. 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 company has a 50 day moving average of $59.01 and a two-hundred day moving average of $57.30.

St. Joe (NYSE:JOE) last announced its earnings results 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from St. Joe’s previous quarterly dividend of $0.12. St. Joe’s dividend payout ratio (DPR) is currently 40.00%.

Insiders Place Their Bets

In other St. Joe news, Director Bruce R. Berkowitz sold 97,200 shares of the firm’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 transaction, the director now owns 17,878,924 shares of the company’s stock, valued at $1,078,814,274.16. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Bruce R. Berkowitz sold 28,100 shares of the firm’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 transaction, the director now owns 18,172,524 shares of the company’s stock, valued at $1,144,505,561.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Berkowitz sold 97,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the transaction, the director now directly owns 17,878,924 shares of the company’s stock, valued at approximately $1,078,814,274.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 285,000 shares of company stock valued at $17,558,573. Insiders own 38.80% of the company’s stock.

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.