St. Joe (NYSE:JOE) Reaches New 1-Year Low – Should You Sell?

The St. Joe Company (NYSE:JOE) reached a new 52-week low during trading on Tuesday . The company traded as low as $47.65 and last traded at $48.02, with a volume of 26911 shares traded. The stock had previously closed at $48.57.

St. Joe Price Performance

The company has a fifty day moving average price of $53.54 and a two-hundred day moving average price of $56.07. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.82 billion, a P/E ratio of 41.16 and a beta of 1.25.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, November 7th. St. Joe’s dividend payout ratio (DPR) is presently 47.46%.

Insider Buying and Selling

In other news, CEO Jorge Luis Gonzalez bought 1,695 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average price of $53.05 per share, with a total value of $89,919.75. Following the transaction, the chief executive officer now owns 60,093 shares in the company, valued at $3,187,933.65. This represents a 2.90 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $18,354,730.00. Following the transaction, the insider now directly owns 17,396,624 shares of the company’s stock, valued at $929,849,552.80. This represents a 1.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 449,400 shares of company stock worth $23,953,600 over the last ninety days. Company insiders own 38.80% of the company’s stock.

Hedge Funds Weigh In On St. Joe

A number of large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in St. Joe in the third quarter valued at $35,000. Quest Partners LLC lifted its stake 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 during the last quarter. Blue Trust Inc. grew its holdings 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 purchasing an additional 615 shares during the period. nVerses Capital LLC increased its position in St. Joe by 100.0% during the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after buying an additional 400 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted 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. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Company Profile

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.