Empyrean Capital Partners LP lowered its position in shares of The St. Joe Company (NYSE:JOE – Get Rating) by 28.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,937 shares of the financial services provider's stock after selling 50,000 shares during the period. Empyrean Capital Partners LP owned about 0.21% of St. Joe worth $7,342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of JOE. Horizon Kinetics Asset Management LLC grew its position in St. Joe by 69.5% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 450,512 shares of the financial services provider's stock worth $23,449,000 after acquiring an additional 184,660 shares during the last quarter. Bowen Hanes & Co. Inc. bought a new stake in shares of St. Joe in the 1st quarter valued at about $10,663,000. Level Four Advisory Services LLC bought a new stake in shares of St. Joe in the 4th quarter valued at about $4,353,000. Vanguard Group Inc. grew its position in shares of St. Joe by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,248,010 shares of the financial services provider's stock valued at $310,892,000 after buying an additional 79,109 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of St. Joe by 60.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 152,431 shares of the financial services provider's stock valued at $9,030,000 after buying an additional 57,459 shares during the last quarter. Institutional investors own 87.17% of the company's stock.
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St. Joe Trading Up 1.6 %
NYSE JOE opened at $38.81 on Tuesday. The firm has a market capitalization of $2.29 billion, a PE ratio of 29.40 and a beta of 1.19. The business's 50-day moving average price is $40.09 and its two-hundred day moving average price is $47.41. The St. Joe Company has a 12 month low of $36.45 and a 12 month high of $62.21.
St. Joe Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, August 11th. St. Joe's dividend payout ratio is 30.30%.
St. Joe Company Profile
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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 plans and develops residential communities of various sizes for homebuilders or retail consumers.
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