Cutter & CO Brokerage Inc. Has $3.31 Million Stake in The St. Joe Company (NYSE:JOE)

Cutter & CO Brokerage Inc. lowered its position in The St. Joe Company (NYSE:JOE) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,979 shares of the financial services provider’s stock after selling 197 shares during the quarter. St. Joe accounts for approximately 0.9% of Cutter & CO Brokerage Inc.’s investment portfolio, making the stock its 25th largest position. Cutter & CO Brokerage Inc. owned approximately 0.09% of St. Joe worth $3,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of St. Joe by 1,198.0% in the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock valued at $36,000 after buying an additional 611 shares during the period. GAMMA Investing LLC acquired a new position in shares of St. Joe in the fourth quarter valued at approximately $67,000. Selway Asset Management acquired a new position in shares of St. Joe in the third quarter valued at approximately $71,000. Byrne Asset Management LLC increased its stake in shares of St. Joe by 30.1% in the third quarter. Byrne Asset Management LLC now owns 4,060 shares of the financial services provider’s stock valued at $221,000 after buying an additional 940 shares during the period. Finally, Viewpoint Capital Management LLC acquired a new position in shares of St. Joe in the third quarter valued at approximately $272,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Bruce R. Berkowitz sold 88,700 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $54.03, for a total value of $4,792,461.00. Following the transaction, the director now directly owns 19,236,024 shares of the company’s stock, valued at approximately $1,039,322,376.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Bruce R. Berkowitz sold 4,500 shares of St. Joe stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.38, for a total value of $249,210.00. Following the sale, the director now directly owns 19,390,224 shares of the company’s stock, valued at $1,073,830,605.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Berkowitz sold 88,700 shares of St. Joe stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $54.03, for a total value of $4,792,461.00. Following the completion of the sale, the director now directly owns 19,236,024 shares in the company, valued at $1,039,322,376.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,800 shares of company stock valued at $5,780,959. 38.80% of the stock is owned by company insiders.

St. Joe Trading Up 1.7 %

JOE stock traded up $0.96 during trading on Tuesday, hitting $57.03. The company had a trading volume of 159,828 shares, compared to its average volume of 182,350. The business has a 50-day moving average of $55.13 and a 200-day moving average of $54.35. The St. Joe Company has a one year low of $38.81 and a one year high of $65.99. The stock has a market cap of $3.33 billion, a PE ratio of 42.56 and a beta of 1.30. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.90.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 EPS for the quarter. St. Joe had a return on equity of 11.40% and a net margin of 19.96%. The business had revenue of $86.70 million for the quarter.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, March 4th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, March 1st. St. Joe’s payout ratio is 35.82%.

About St. Joe

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.