Meixler Investment Management Ltd. Raises Stock Position in The St. Joe Company (NYSE:JOE)

Meixler Investment Management Ltd. boosted its holdings in The St. Joe Company (NYSE:JOE) by 11.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,393 shares of the financial services provider’s stock after purchasing an additional 1,263 shares during the quarter. Meixler Investment Management Ltd.’s holdings in St. Joe were worth $746,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of JOE. Northern Trust Corp grew its position in shares of St. Joe by 5.5% during the third quarter. Northern Trust Corp now owns 413,648 shares of the financial services provider’s stock valued at $22,473,000 after purchasing an additional 21,497 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of St. Joe by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 282,294 shares of the financial services provider’s stock valued at $15,337,000 after purchasing an additional 18,887 shares in the last quarter. Algert Global LLC grew its position in shares of St. Joe by 120.8% during the third quarter. Algert Global LLC now owns 154,370 shares of the financial services provider’s stock valued at $8,387,000 after purchasing an additional 84,463 shares in the last quarter. Invesco Ltd. grew its position in shares of St. Joe by 3.2% during the third quarter. Invesco Ltd. now owns 150,101 shares of the financial services provider’s stock valued at $8,155,000 after purchasing an additional 4,710 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in shares of St. Joe by 22.8% during the fourth quarter. River Road Asset Management LLC now owns 119,387 shares of the financial services provider’s stock valued at $7,185,000 after purchasing an additional 22,159 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

Shares of St. Joe stock traded up $0.72 during trading on Friday, reaching $58.53. 220,593 shares of the stock traded hands, compared to its average volume of 191,071. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 41.81 and a beta of 1.30. The business has a fifty day simple moving average of $55.33 and a two-hundred day simple moving average of $54.43. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.47 and a quick ratio of 1.47. The St. Joe Company has a 52-week low of $38.81 and a 52-week high of $65.99.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.23 EPS for the quarter. The company had revenue of $86.70 million during the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.48 annualized dividend and a yield of 0.82%. St. Joe’s dividend payout ratio is currently 34.29%.

Insider Buying and Selling

In related news, Director Bruce R. Berkowitz sold 7,300 shares of St. Joe stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.28, for a total value of $396,244.00. Following the completion of the transaction, the director now owns 19,228,724 shares in the company, valued at $1,043,735,138.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other St. Joe news, Director Bruce R. Berkowitz sold 88,700 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were 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 owns 19,236,024 shares of the company’s stock, valued at $1,039,322,376.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce R. Berkowitz sold 7,300 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.28, for a total transaction of $396,244.00. Following the completion of the sale, the director now directly owns 19,228,724 shares of the company’s stock, valued at approximately $1,043,735,138.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,800 shares of company stock worth $5,780,959. Corporate insiders own 38.80% of the company’s stock.

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.