St. Joe (NYSE:JOE) Sets New 12-Month Low – Here’s Why

Shares of The St. Joe Company (NYSE:JOE) reached a new 52-week low during trading on Friday . The stock traded as low as $42.94 and last traded at $43.67, with a volume of 40339 shares trading hands. The stock had previously closed at $44.01.

St. Joe Price Performance

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 stock’s 50 day moving average price is $48.11 and its two-hundred day moving average price is $54.47. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 36.94 and a beta of 1.27.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.28%. St. Joe’s dividend payout ratio (DPR) is presently 47.46%.

Insider Activity

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 343,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total value of $18,354,730.00. Following the sale, the insider now directly owns 17,396,624 shares of the company’s stock, valued at approximately $929,849,552.80. This trade represents a 1.94 % 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 hyperlink. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was acquired at an average price of $53.05 per share, with a total value of $89,919.75. Following the completion of the transaction, the chief executive officer now directly owns 60,093 shares of the company’s stock, valued at approximately $3,187,933.65. This represents a 2.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 449,400 shares of company stock valued at $23,953,600 in the last three months. 38.80% of the stock is currently owned by corporate insiders.

Institutional Trading of St. Joe

A number of institutional investors and hedge funds have recently modified their holdings of JOE. Point72 Hong Kong Ltd acquired a new position in shares of St. Joe during the third quarter valued at approximately $35,000. Quest Partners LLC lifted its holdings in St. Joe by 72,300.0% in the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 723 shares in the last quarter. Blue Trust Inc. boosted its stake in St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 615 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of St. Joe by 86.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider’s stock valued at $60,000 after buying an additional 512 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of St. Joe by 163.6% during the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 86.67% 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.