Gamco Investors INC. ET AL Decreases Stock Holdings in St. Joe Company (The) $JOE

Gamco Investors INC. ET AL decreased its stake in shares of St. Joe Company (The) (NYSE:JOE) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 634,410 shares of the financial services provider’s stock after selling 16,100 shares during the period. Gamco Investors INC. ET AL’s holdings in St. Joe were worth $31,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cresset Asset Management LLC grew its position in St. Joe by 8.3% in the 3rd quarter. Cresset Asset Management LLC now owns 4,876 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 373 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of St. Joe by 54.7% during the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock valued at $20,160,000 after buying an additional 144,121 shares during the period. Lumbard & Kellner LLC lifted its holdings in shares of St. Joe by 10.7% during the 3rd quarter. Lumbard & Kellner LLC now owns 16,986 shares of the financial services provider’s stock valued at $840,000 after buying an additional 1,635 shares during the period. Elo Mutual Pension Insurance Co purchased a new position in shares of St. Joe in the 3rd quarter worth $947,000. Finally, Nkcfo LLC purchased a new position in shares of St. Joe in the 3rd quarter worth $495,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $65.51, for a total transaction of $5,745,227.00. Following the completion of the transaction, the insider directly owned 16,165,024 shares in the company, valued at approximately $1,058,970,722.24. The trade was a 0.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 229,900 shares of company stock worth $15,201,327. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JOE shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, St. Joe currently has a consensus rating of “Buy”.

St. Joe Trading Down 1.7%

Shares of St. Joe stock opened at $68.87 on Friday. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $73.54. The company’s fifty day simple moving average is $66.54 and its 200-day simple moving average is $58.44. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market capitalization of $3.96 billion, a PE ratio of 34.44 and a beta of 1.30.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.52 EPS for the quarter. The firm had revenue of $128.89 million during the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 9th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. St. Joe’s dividend payout ratio (DPR) is 32.00%.

St. Joe Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.