Virtu Financial LLC Buys Shares of 4,210 The St. Joe Company (NYSE:JOE)

Virtu Financial LLC purchased a new position in shares of The St. Joe Company (NYSE:JOE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,210 shares of the financial services provider’s stock, valued at approximately $245,000.

Other hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in St. Joe during the third quarter valued at $35,000. Quest Partners LLC raised its stake in shares of St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after buying an additional 723 shares during the period. Blue Trust Inc. lifted its position in shares of St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after buying an additional 615 shares in the last quarter. nVerses Capital LLC grew its stake in shares of St. Joe by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in St. Joe by 86.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 512 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Bruce R. Berkowitz sold 80,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $53.14, for a total value of $4,251,200.00. Following the transaction, the insider now directly owns 17,797,824 shares in the company, valued at $945,776,367.36. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jorge Luis Gonzalez bought 1,695 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average price of $53.05 per share, with a total value of $89,919.75. Following the transaction, the chief executive officer now directly owns 60,093 shares of the company’s stock, valued at $3,187,933.65. This represents a 2.90 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 449,400 shares of company stock worth $23,953,600. Corporate insiders own 38.80% of the company’s stock.

St. Joe Price Performance

Shares of NYSE:JOE opened at $46.46 on Wednesday. The company has a market capitalization of $2.71 billion, a P/E ratio of 39.37 and a beta of 1.25. The St. Joe Company has a 1-year low of $46.21 and a 1-year high of $64.69. The firm’s 50 day simple moving average is $52.25 and its two-hundred day simple moving average is $55.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 7th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.21%. The ex-dividend date was Thursday, November 7th. St. Joe’s dividend payout ratio is currently 47.46%.

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.