The St. Joe Company (NYSE:JOE) Short Interest Up 16.7% in October

The St. Joe Company (NYSE:JOE) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 667,300 shares, an increase of 16.7% from the October 15th total of 571,600 shares. Based on an average daily volume of 187,800 shares, the short-interest ratio is presently 3.6 days. Currently, 1.2% of the company’s stock are sold short.

Insider Buying and Selling

In other St. Joe news, CEO Jorge Luis Gonzalez bought 1,695 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was purchased at an average cost of $53.05 per share, with a total value of $89,919.75. Following the transaction, the chief executive officer now directly owns 60,093 shares in the company, valued at $3,187,933.65. This trade represents a 2.90 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 15,000 shares of St. Joe stock in a transaction 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 sale, the insider now owns 17,770,024 shares in the company, valued at $904,316,521.36. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 600,700 shares of company stock worth $33,085,747 in the last ninety days. Corporate insiders own 38.80% of the company’s stock.

Institutional Trading of St. Joe

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in St. Joe by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after purchasing an additional 59,563 shares during the period. Dimensional Fund Advisors LP raised its position in shares of St. Joe by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,525,941 shares of the financial services provider’s stock worth $83,467,000 after buying an additional 5,144 shares in the last quarter. State Street Corp boosted its stake in St. Joe by 5.7% during the third quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock valued at $81,403,000 after buying an additional 75,374 shares during the period. Geode Capital Management LLC grew its position in St. Joe by 2.7% during the third quarter. Geode Capital Management LLC now owns 898,637 shares of the financial services provider’s stock worth $52,409,000 after buying an additional 23,973 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in St. Joe by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock worth $20,855,000 after acquiring an additional 22,187 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Down 0.2 %

JOE stock opened at $49.96 on Monday. The stock has a fifty day moving average of $56.38 and a 200-day moving average of $56.95. St. Joe has a fifty-two week low of $49.36 and a fifty-two week high of $64.69. 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 quick ratio of 1.34 and a current ratio of 1.34.

St. Joe Dividend Announcement

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

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.