Virtu Financial LLC Makes New Investment in The St. Joe Company (NYSE:JOE)

Virtu Financial LLC bought a new stake in The St. Joe Company (NYSE:JOE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,210 shares of the financial services provider’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in St. Joe during the 3rd quarter valued at about $35,000. Quest Partners LLC grew its stake in shares of St. Joe by 72,300.0% during the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after buying an additional 723 shares during the last quarter. Blue Trust Inc. grew its stake in shares of St. Joe by 549.1% during the third 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 during the last quarter. nVerses Capital LLC raised its holdings in shares of St. Joe by 100.0% in the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after buying an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of St. Joe by 86.9% during 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 during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Performance

Shares of St. Joe stock opened at $46.46 on Wednesday. The company has a market capitalization of $2.71 billion, a PE ratio of 39.37 and a beta of 1.25. The St. Joe Company has a 52 week low of $46.21 and a 52 week high of $64.69. The stock’s fifty day moving average is $52.25 and its two-hundred day moving average is $55.70. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe Dividend Announcement

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

Insiders Place Their Bets

In other St. Joe news, CEO Jorge Luis Gonzalez acquired 1,695 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was purchased at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the acquisition, the chief executive officer now owns 60,093 shares in the company, valued at approximately $3,187,933.65. This trade represents a 2.90 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bruce R. Berkowitz sold 15,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.89, for a total value of $763,350.00. Following the completion of the sale, the insider now directly owns 17,770,024 shares of the company’s stock, valued at $904,316,521.36. The trade was a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,400 shares of company stock worth $23,953,600 in the last three months. 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.