The St. Joe Company (NYSE:JOE) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its stake in shares of The St. Joe Company (NYSE:JOE) by 31.8% in the 3rd quarter, Holdings Channel reports. The firm owned 494 shares of the financial services provider’s stock after selling 230 shares during the period. Quest Partners LLC’s holdings in St. Joe were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in St. Joe by 263.6% during the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 427 shares during the last quarter. Blue Trust Inc. grew its position in shares of St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 615 shares in the last quarter. nVerses Capital LLC grew its position in shares of St. Joe by 100.0% in the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. US Bancorp DE increased its holdings in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 700 shares during the last quarter. Finally, KBC Group NV lifted its position in St. Joe by 35.8% during the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after buying an additional 391 shares in the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Stock Up 0.2 %

NYSE JOE opened at $51.08 on Monday. The business’s fifty day simple moving average is $54.74 and its 200-day simple moving average is $56.43. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.98 billion, a PE ratio of 43.29 and a beta of 1.27. The St. Joe Company has a 52 week low of $49.36 and a 52 week high of $64.69.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be issued a $0.14 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 1.10%. St. Joe’s dividend payout ratio (DPR) is currently 47.46%.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 343,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total value of $18,354,730.00. Following the sale, the insider now owns 17,396,624 shares of the company’s stock, valued at $929,849,552.80. The trade was a 1.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the acquisition, the chief executive officer now directly owns 60,093 shares in the company, valued at approximately $3,187,933.65. This trade represents a 2.90 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 449,400 shares of company stock valued at $23,953,600 over the last 90 days. 38.80% of the stock is owned by 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.