Atria Wealth Solutions Inc. Acquires New Position in The St. Joe Company (NYSE:JOE)

Atria Wealth Solutions Inc. bought a new position in The St. Joe Company (NYSE:JOE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,627 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other institutional investors also recently modified their holdings of the stock. Signaturefd LLC increased its stake in shares of St. Joe by 1,198.0% in the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 611 shares during the last quarter. GAMMA Investing LLC acquired a new position in St. Joe in the 4th quarter worth about $67,000. Selway Asset Management purchased a new stake in shares of St. Joe during the 3rd quarter worth about $71,000. Byrne Asset Management LLC lifted its holdings in shares of St. Joe by 30.1% during the 3rd quarter. Byrne Asset Management LLC now owns 4,060 shares of the financial services provider’s stock valued at $221,000 after buying an additional 940 shares during the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of St. Joe in the 3rd quarter valued at approximately $298,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Trading Up 2.6 %

NYSE:JOE opened at $59.04 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $3.45 billion, a P/E ratio of 42.17 and a beta of 1.30. The stock’s 50 day moving average price is $56.00 and its 200 day moving average price is $54.86. The St. Joe Company has a 52 week low of $41.99 and a 52 week high of $65.99.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.23 EPS for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%. The company had revenue of $86.70 million for the quarter.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be given a $0.12 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.81%. St. Joe’s dividend payout ratio is currently 34.29%.

Insiders Place Their Bets

In related news, Director Bruce R. Berkowitz sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $54.85, for a total value of $175,520.00. Following the transaction, the director now directly owns 19,387,024 shares of the company’s stock, valued at approximately $1,063,378,266.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Bruce R. Berkowitz sold 3,200 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $54.85, for a total transaction of $175,520.00. Following the completion of the sale, the director now directly owns 19,387,024 shares of the company’s stock, valued at approximately $1,063,378,266.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce R. Berkowitz sold 88,700 shares of St. Joe stock in a transaction on Friday, March 1st. The stock was sold at an average price of $54.03, for a total transaction of $4,792,461.00. Following the completion of the transaction, the director now owns 19,236,024 shares in the company, valued at approximately $1,039,322,376.72. The disclosure for this sale can be found here. Insiders sold 204,500 shares of company stock valued at $11,502,030 over the last quarter. 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.