ClearAlpha Technologies LP Purchases New Position in The St. Joe Company (NYSE:JOE)

ClearAlpha Technologies LP acquired a new position in shares of The St. Joe Company (NYSE:JOE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,039 shares of the financial services provider’s stock, valued at approximately $585,000.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of St. Joe by 263.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after buying an additional 427 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in St. Joe in the third quarter valued at $35,000. Quest Partners LLC grew its holdings 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 worth $40,000 after purchasing an additional 723 shares during the last quarter. Blue Trust Inc. increased its position in St. Joe by 549.1% during the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after buying an additional 615 shares during the period. Finally, nVerses Capital LLC increased its holdings in shares of St. Joe by 100.0% in 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. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Up 0.2 %

JOE opened at $51.08 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $54.74 and a two-hundred day moving average price of $56.43. The St. Joe Company has a 52 week low of $49.36 and a 52 week high of $64.69. The company has a market cap of $2.98 billion, a PE ratio of 43.29 and a beta of 1.27.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, November 7th. St. Joe’s dividend payout ratio (DPR) is 47.46%.

Insider Buying and Selling

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 shares were acquired at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the acquisition, the chief executive officer now directly owns 60,093 shares of the company’s stock, valued at $3,187,933.65. This trade represents a 2.90 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Bruce R. Berkowitz sold 343,400 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $53.45, for a total transaction of $18,354,730.00. Following the sale, the insider now directly owns 17,396,624 shares of the company’s stock, valued at $929,849,552.80. This represents a 1.94 % decrease in their ownership of the stock. 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 quarter. Company insiders own 38.80% of the company’s stock.

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.