Proficio Capital Partners LLC Invests $589,000 in The St. Joe Company (NYSE:JOE)

Proficio Capital Partners LLC bought a new stake in shares of The St. Joe Company (NYSE:JOE) during the fourth quarter, Holdings Channel reports. The institutional investor bought 13,120 shares of the financial services provider’s stock, valued at approximately $589,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of St. Joe by 30.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider’s stock valued at $8,896,000 after acquiring an additional 35,600 shares during the period. Citigroup Inc. lifted its position in shares of St. Joe by 130.5% during the 3rd quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock valued at $3,938,000 after acquiring an additional 38,243 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of St. Joe by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock valued at $20,855,000 after acquiring an additional 22,187 shares during the period. Victory Capital Management Inc. lifted its position in shares of St. Joe by 66.8% during the 3rd quarter. Victory Capital Management Inc. now owns 45,318 shares of the financial services provider’s stock valued at $2,642,000 after acquiring an additional 18,150 shares during the period. Finally, Edgestream Partners L.P. lifted its position in shares of St. Joe by 279.2% during the 3rd quarter. Edgestream Partners L.P. now owns 68,059 shares of the financial services provider’s stock valued at $3,969,000 after acquiring an additional 50,112 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Down 1.9 %

St. Joe stock opened at $45.91 on Monday. 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 St. Joe Company has a 12-month low of $42.94 and a 12-month high of $64.69. The firm’s fifty day moving average is $47.15 and its 200 day moving average is $50.56. The company has a market capitalization of $2.68 billion, a PE ratio of 38.91 and a beta of 1.30.

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

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, March 10th. This represents a $0.56 annualized dividend and a yield of 1.22%. St. Joe’s payout ratio is 44.09%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the transaction, the insider now owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 300,000 shares of company stock worth $14,113,022. 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.