St. Joe (NYSE:JOE) Sets New 1-Year Low – Time to Sell?

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

St. Joe Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $2.55 billion, a PE ratio of 36.94 and a beta of 1.27. The business has a 50-day moving average of $48.11 and a 200 day moving average of $54.47.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, November 7th. St. Joe’s dividend payout ratio is 47.46%.

Insider Transactions at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $50.89, for a total transaction of $763,350.00. Following the transaction, the insider now directly owns 17,770,024 shares of the company’s stock, valued at approximately $904,316,521.36. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average cost of $53.05 per share, for a total transaction of $89,919.75. Following the purchase, the chief executive officer now owns 60,093 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 449,400 shares of company stock worth $23,953,600. 38.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JOE. Point72 Hong Kong Ltd bought a new position in St. Joe in the third quarter worth approximately $35,000. Quest Partners LLC boosted its stake in St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 723 shares in the last quarter. Blue Trust Inc. grew its holdings in St. Joe by 549.1% in 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 last quarter. EverSource Wealth Advisors LLC increased its position in St. Joe by 86.9% during the 2nd 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 in the last quarter. Finally, US Bancorp DE boosted its holdings in St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 700 shares in 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.