Sherbrooke Park Advisers LLC Invests $228,000 in The St. Joe Company (NYSE:JOE)

Sherbrooke Park Advisers LLC purchased a new position in shares of The St. Joe Company (NYSE:JOE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,065 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other large investors also recently modified their holdings of JOE. Vanguard Group Inc. lifted its holdings in shares of St. Joe by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after buying an additional 252,906 shares during the last quarter. Berkley W R Corp acquired a new position in shares of St. Joe in the fourth quarter valued at $9,415,000. Millennium Management LLC raised its stake in shares of St. Joe by 2,785.5% in the fourth quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider’s stock valued at $9,432,000 after purchasing an additional 202,642 shares in the last quarter. Norges Bank acquired a new position in shares of St. Joe in the fourth quarter valued at $4,981,000. Finally, Raymond James Financial Inc. acquired a new position in shares of St. Joe in the fourth quarter valued at $4,657,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Stock Performance

Shares of NYSE JOE opened at $44.84 on Wednesday. The business has a fifty day simple moving average of $44.32 and a 200 day simple moving average of $46.54. 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 firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 38.00 and a beta of 1.37. The St. Joe Company has a one year low of $40.19 and a one year high of $64.69.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. The business had revenue of $94.20 million during the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.25%. St. Joe’s dividend payout ratio is currently 42.11%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the completion of the transaction, the insider now directly owns 17,162,524 shares in the company, valued at $808,526,505.64. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 300,000 shares of company stock worth $14,113,022 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

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.