St. Joe (NYSE:JOE) Hits New 1-Year Low – What’s Next?

The St. Joe Company (NYSE:JOE) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $50.08 and last traded at $50.11, with a volume of 141785 shares changing hands. The stock had previously closed at $50.59.

St. Joe Trading Down 0.2 %

The business has a fifty day moving average price of $56.38 and a 200 day moving average price of $56.96. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 42.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe’s payout ratio is presently 47.46%.

Insider Activity at St. Joe

In related news, CEO Jorge Luis Gonzalez acquired 1,695 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were bought at an average cost of $53.05 per share, with a total value of $89,919.75. Following the completion of the acquisition, the chief executive officer now 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Bruce R. Berkowitz sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.89, for a total value of $763,350.00. Following the transaction, the insider now owns 17,770,024 shares of the company’s stock, valued at $904,316,521.36. This trade represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 600,700 shares of company stock worth $33,085,747. 38.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 427 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in St. Joe in the third quarter valued at about $35,000. Quest Partners LLC grew its stake in 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 buying an additional 723 shares during the last quarter. Blue Trust Inc. grew its stake 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 last quarter. Finally, nVerses Capital LLC raised its stake in shares of St. Joe by 100.0% in the second 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 last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

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.