Gator Capital Management LLC Makes New $1.93 Million Investment in St. Joe Company (The) $JOE

Gator Capital Management LLC acquired a new position in shares of St. Joe Company (The) (NYSE:JOE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,583 shares of the financial services provider’s stock, valued at approximately $1,934,000. Gator Capital Management LLC owned 0.06% of St. Joe as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in JOE. HRT Financial LP increased its stake in St. Joe by 890.9% in the fourth quarter. HRT Financial LP now owns 75,211 shares of the financial services provider’s stock valued at $4,465,000 after acquiring an additional 67,621 shares during the last quarter. Brooklyn Investment Group bought a new position in St. Joe in the fourth quarter valued at approximately $337,000. State Board of Administration of Florida Retirement System increased its stake in St. Joe by 194.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 28,880 shares of the financial services provider’s stock valued at $1,715,000 after acquiring an additional 19,082 shares during the last quarter. Renaissance Technologies LLC bought a new position in St. Joe in the fourth quarter valued at approximately $528,000. Finally, Bank of Montreal Can increased its stake in St. Joe by 13.8% in the fourth quarter. Bank of Montreal Can now owns 16,311 shares of the financial services provider’s stock valued at $968,000 after acquiring an additional 1,978 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on JOE shares. Weiss Ratings cut shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen cut shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

St. Joe Price Performance

JOE stock opened at $65.03 on Friday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 33.52 and a beta of 1.28. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. St. Joe Company has a 12-month low of $45.75 and a 12-month high of $73.54. The company’s fifty day simple moving average is $65.80 and its 200 day simple moving average is $65.22.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $99.04 million for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, June 9th. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe’s dividend payout ratio is currently 32.99%.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 189,200 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $65.78, for a total transaction of $12,445,576.00. Following the transaction, the insider owned 15,884,424 shares in the company, valued at approximately $1,044,877,410.72. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 696,000 shares of company stock worth $45,806,062 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.

St. Joe Company 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.