Mraz Amerine & Associates Inc. Acquires 572 Shares of The St. Joe Company (NYSE:JOE)

Mraz Amerine & Associates Inc. raised its holdings in shares of The St. Joe Company (NYSE:JOE) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 33,547 shares of the financial services provider’s stock after acquiring an additional 572 shares during the period. Mraz Amerine & Associates Inc. owned approximately 0.06% of St. Joe worth $1,956,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JOE. Vanguard Group Inc. lifted its stake in St. Joe by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after buying an additional 59,563 shares during the period. Dimensional Fund Advisors LP boosted its stake in St. Joe by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,525,941 shares of the financial services provider’s stock worth $83,467,000 after acquiring an additional 5,144 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in St. Joe by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 351,319 shares of the financial services provider’s stock valued at $19,217,000 after purchasing an additional 11,113 shares during the period. Principal Financial Group Inc. increased its stake in St. Joe by 5.9% in the first quarter. Principal Financial Group Inc. now owns 196,017 shares of the financial services provider’s stock valued at $11,363,000 after purchasing an additional 10,943 shares in the last quarter. Finally, Algert Global LLC raised its holdings in St. Joe by 9.4% in the second quarter. Algert Global LLC now owns 134,851 shares of the financial services provider’s stock worth $7,376,000 after purchasing an additional 11,592 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Price Performance

Shares of JOE stock opened at $53.36 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.87. The St. Joe Company has a 12-month low of $45.93 and a 12-month high of $64.69. The firm has a fifty day moving average of $58.54 and a 200-day moving average of $57.51. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 43.74 and a beta of 1.26.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%. The firm had revenue of $111.60 million during the quarter.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.05%. St. Joe’s payout ratio is 45.90%.

Insider Buying and Selling

In other St. Joe news, Director Bruce R. Berkowitz sold 97,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.34, for a total value of $5,865,048.00. Following the sale, the director now owns 17,878,924 shares in the company, valued at $1,078,814,274.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Bruce R. Berkowitz sold 28,100 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the sale, the director now owns 18,172,524 shares of the company’s stock, valued at $1,144,505,561.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce R. Berkowitz sold 97,200 shares of St. Joe stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.34, for a total value of $5,865,048.00. Following the completion of the transaction, the director now directly owns 17,878,924 shares of the company’s stock, valued at $1,078,814,274.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 231,000 shares of company stock worth $14,115,533. Company 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.