Inspire Investing LLC Grows Stake in St. Joe Company (The) $JOE

Inspire Investing LLC lifted its stake in shares of St. Joe Company (The) (NYSE:JOE) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,256 shares of the financial services provider’s stock after purchasing an additional 915 shares during the period. Inspire Investing LLC’s holdings in St. Joe were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in St. Joe by 21.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 226 shares in the last quarter. Arete Wealth Advisors LLC grew its stake in St. Joe by 8.3% during the 1st quarter. Arete Wealth Advisors LLC now owns 5,467 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 420 shares in the last quarter. Viewpoint Capital Management LLC grew its stake in St. Joe by 7.3% during the 1st quarter. Viewpoint Capital Management LLC now owns 7,384 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 500 shares in the last quarter. MAI Capital Management grew its stake in St. Joe by 120.8% during the 1st quarter. MAI Capital Management now owns 1,104 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 604 shares in the last quarter. Finally, Lumbard & Kellner LLC grew its stake in St. Joe by 4.7% during the 1st quarter. Lumbard & Kellner LLC now owns 14,557 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of St. Joe in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Insider Activity at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $51.44, for a total value of $8,616,200.00. Following the transaction, the insider directly owned 16,634,024 shares in the company, valued at approximately $855,654,194.56. This represents a 1.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 616,000 shares of company stock valued at $31,340,145. Corporate insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

NYSE:JOE opened at $47.60 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 33.52 and a beta of 1.31. The company’s 50-day moving average is $50.04 and its two-hundred day moving average is $47.51. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $60.36.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. The company had revenue of $129.10 million for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 22nd. St. Joe’s dividend payout ratio is currently 39.44%.

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.