Meixler Investment Management Ltd. Has $746,000 Holdings in The St. Joe Company (NYSE:JOE)

Meixler Investment Management Ltd. raised its position in The St. Joe Company (NYSE:JOE) by 11.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,393 shares of the financial services provider’s stock after acquiring an additional 1,263 shares during the period. Meixler Investment Management Ltd.’s holdings in St. Joe were worth $746,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of St. Joe by 1,198.0% in the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 611 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of St. Joe in the fourth quarter valued at approximately $67,000. Selway Asset Management bought a new position in shares of St. Joe in the third quarter valued at approximately $71,000. Atria Wealth Solutions Inc. bought a new position in shares of St. Joe in the fourth quarter valued at approximately $218,000. Finally, Byrne Asset Management LLC lifted its holdings in shares of St. Joe by 30.1% in the third quarter. Byrne Asset Management LLC now owns 4,060 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 940 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Up 1.2 %

Shares of JOE stock traded up $0.72 during trading hours on Friday, reaching $58.53. The company had a trading volume of 220,593 shares, compared to its average volume of 191,071. The St. Joe Company has a 12 month low of $38.81 and a 12 month high of $65.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.47 and a quick ratio of 1.47. The business has a fifty day simple moving average of $55.33 and a 200-day simple moving average of $54.43. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 41.81 and a beta of 1.30.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%. The company had revenue of $86.70 million for the quarter.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.82%. St. Joe’s dividend payout ratio (DPR) is currently 34.29%.

Insider Buying and Selling

In related news, Director Bruce R. Berkowitz sold 3,200 shares of St. Joe stock in a transaction on Monday, February 26th. The stock was sold at an average price of $54.85, for a total transaction of $175,520.00. Following the sale, the director now directly owns 19,387,024 shares in the company, valued at $1,063,378,266.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Bruce R. Berkowitz sold 3,200 shares of St. Joe stock in a transaction on Monday, February 26th. The stock was sold at an average price of $54.85, for a total transaction of $175,520.00. Following the sale, the director now directly owns 19,387,024 shares in the company, valued at $1,063,378,266.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 4,500 shares of St. Joe stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.38, for a total value of $249,210.00. Following the sale, the director now owns 19,390,224 shares in the company, valued at $1,073,830,605.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,800 shares of company stock worth $5,780,959. 38.80% of the stock is owned by company 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.