Public Sector Pension Investment Board Increases Position in The St. Joe Company (NYSE:JOE)

Public Sector Pension Investment Board lifted its position in shares of The St. Joe Company (NYSE:JOE) by 2.8% during the third quarter, Holdings Channel reports. The institutional investor owned 80,536 shares of the financial services provider’s stock after purchasing an additional 2,200 shares during the period. Public Sector Pension Investment Board’s holdings in St. Joe were worth $4,696,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JOE. EverSource Wealth Advisors LLC lifted its position in shares of St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 427 shares in the last quarter. Quest Partners LLC boosted its stake in St. Joe by 72,300.0% in the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 723 shares during the period. Blue Trust Inc. grew its holdings in St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after buying an additional 615 shares in the last quarter. nVerses Capital LLC raised its position in shares of St. Joe by 100.0% during the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after buying an additional 400 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after buying an additional 700 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jorge Luis Gonzalez purchased 1,695 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the transaction, the chief executive officer now owns 60,093 shares in the company, valued at approximately $3,187,933.65. The trade was a 2.90 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Bruce R. Berkowitz sold 343,400 shares of St. Joe stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total transaction of $18,354,730.00. Following the transaction, the insider now directly owns 17,396,624 shares of the company’s stock, valued at $929,849,552.80. The trade was a 1.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 449,400 shares of company stock worth $23,953,600. Corporate insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

JOE opened at $51.08 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 43.29 and a beta of 1.27. The company has a fifty day moving average of $54.74 and a 200 day moving average of $56.43. The St. Joe Company has a fifty-two week low of $49.36 and a fifty-two week high of $64.69.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.10%. St. Joe’s dividend payout ratio (DPR) is 47.46%.

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.