Bridgefront Capital LLC Takes Position in The St. Joe Company (NYSE:JOE)

Bridgefront Capital LLC bought a new position in shares of The St. Joe Company (NYSE:JOE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 5,011 shares of the financial services provider’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also bought and sold shares of JOE. Bank of America Corp DE raised its holdings in shares of St. Joe by 23.5% during the fourth quarter. Bank of America Corp DE now owns 180,541 shares of the financial services provider’s stock valued at $8,112,000 after purchasing an additional 34,382 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in St. Joe in the fourth quarter worth approximately $472,000. Berkley W R Corp acquired a new stake in St. Joe in the fourth quarter valued at approximately $9,415,000. Northern Trust Corp increased its holdings in shares of St. Joe by 7.4% during the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider’s stock valued at $19,512,000 after acquiring an additional 29,918 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its position in shares of St. Joe by 1,680.5% during the fourth quarter. Aquatic Capital Management LLC now owns 15,918 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 15,024 shares during the period. 86.67% of the stock is owned by institutional investors.

St. Joe Price Performance

Shares of JOE opened at $44.47 on Friday. The stock has a market cap of $2.59 billion, a P/E ratio of 37.69 and a beta of 1.37. The business’s fifty day moving average is $44.35 and its 200 day moving average is $47.01. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The firm had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

The business also recently declared 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 of this dividend is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.26%. St. Joe’s dividend payout ratio (DPR) is currently 42.11%.

Insiders Place Their Bets

In other news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $47.01, for a total value of $136,329.00. Following the completion of the sale, the insider now owns 16,940,624 shares in the company, valued at $796,378,734.24. This represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 300,000 shares of company stock valued at $14,113,022. Corporate insiders own 38.80% of the company’s stock.

St. Joe 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.