Old West Investment Management LLC Sells 36,123 Shares of The St. Joe Company (NYSE:JOE)

Old West Investment Management LLC decreased its position in shares of The St. Joe Company (NYSE:JOE) by 28.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,251 shares of the financial services provider’s stock after selling 36,123 shares during the period. St. Joe accounts for about 1.7% of Old West Investment Management LLC’s investment portfolio, making the stock its 20th largest position. Old West Investment Management LLC owned about 0.16% of St. Joe worth $4,100,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in JOE. Smartleaf Asset Management LLC raised its position in shares of St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 430 shares during the period. Campbell Capital Management Inc. purchased a new position in shares of St. Joe in the fourth quarter valued at about $67,000. KBC Group NV boosted its stake in shares of St. Joe by 38.8% in the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 576 shares during the period. Legacy Capital Group California Inc. grew its position in shares of St. Joe by 12.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 540 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its position in shares of St. Joe by 5.1% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of St. Joe stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the sale, the insider now owns 16,940,624 shares of the company’s stock, valued at $796,378,734.24. The trade was a 0.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 300,000 shares of company stock worth $14,113,022. Corporate insiders own 38.80% of the company’s stock.

St. Joe Stock Down 0.3 %

NYSE JOE opened at $44.97 on Friday. The company has a current ratio of 1.34, a quick 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 stock’s 50 day moving average is $46.92 and its 200 day moving average is $49.88. The stock has a market cap of $2.62 billion, a PE ratio of 38.11 and a beta of 1.30.

St. Joe (NYSE:JOE) last issued its 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 during the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Monday, March 10th were issued a $0.14 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.25%. St. Joe’s dividend payout ratio (DPR) is 44.09%.

St. Joe Company 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.