Gator Capital Management LLC Takes $1.93 Million Position in St. Joe Company (The) $JOE

Gator Capital Management LLC bought a new stake in shares of St. Joe Company (The) (NYSE:JOE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 32,583 shares of the financial services provider’s stock, valued at approximately $1,934,000.

Several other hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of St. Joe by 39.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 679 shares of the financial services provider’s stock valued at $40,000 after buying an additional 193 shares during the last quarter. HRT Financial LP boosted its position in shares of St. Joe by 0.7% during the second quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock valued at $1,543,000 after buying an additional 213 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of St. Joe by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 7,428 shares of the financial services provider’s stock valued at $441,000 after buying an additional 218 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after buying an additional 236 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of St. Joe by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 23,642 shares of the financial services provider’s stock valued at $1,402,000 after buying an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 189,200 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $65.78, for a total transaction of $12,445,576.00. Following the completion of the transaction, the insider directly owned 15,884,424 shares of the company’s stock, valued at $1,044,877,410.72. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 696,000 shares of company stock worth $45,806,062. 0.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JOE has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, St. Joe presently has a consensus rating of “Hold”.

St. Joe Stock Up 0.1%

St. Joe stock opened at $65.03 on Friday. St. Joe Company has a twelve month low of $45.75 and a twelve month high of $73.54. The firm has a 50 day moving average price of $65.80 and a 200-day moving average price of $65.22. The company has a market capitalization of $3.73 billion, a P/E ratio of 33.52 and a beta of 1.28. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%. The firm had revenue of $99.04 million during the quarter.

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 9th. St. Joe’s dividend payout ratio is currently 32.99%.

St. Joe Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.