Proficio Capital Partners LLC Buys New Shares in The St. Joe Company (NYSE:JOE)

Proficio Capital Partners LLC bought a new stake in The St. Joe Company (NYSE:JOE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,120 shares of the financial services provider’s stock, valued at approximately $589,000.

A number of other institutional investors have also recently bought and sold shares of JOE. State Street Corp grew its holdings 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 purchasing an additional 75,374 shares during the period. Barclays PLC grew its holdings in St. Joe by 404.5% in the third 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. Old West Investment Management LLC grew its holdings in St. Joe by 68.6% in the third quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock valued at $7,427,000 after purchasing an additional 51,830 shares during the period. Edgestream Partners L.P. grew its holdings in St. Joe by 279.2% in the third quarter. Edgestream Partners L.P. now owns 68,059 shares of the financial services provider’s stock valued at $3,969,000 after purchasing an additional 50,112 shares during the period. Finally, Citigroup Inc. grew its holdings in St. Joe by 130.5% in the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock valued at $3,938,000 after purchasing an additional 38,243 shares during the period. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 41,100 shares of St. Joe stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the transaction, the insider now directly owns 17,310,124 shares of the company’s stock, valued at $814,614,435.44. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 38.80% of the stock is currently owned by corporate insiders.

St. Joe Price Performance

St. Joe stock opened at $47.20 on Monday. The St. Joe Company has a 1 year low of $42.94 and a 1 year high of $64.69. The firm has a 50 day moving average price of $46.91 and a 200 day moving average price of $51.49. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 40.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34.

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

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.19%. St. Joe’s dividend payout ratio (DPR) is 44.09%.

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.