St. Joe (NYSE:JOE) Reaches New 12-Month Low – Time to Sell?

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

St. Joe Trading Down 1.0 %

The business has a 50-day simple moving average of $56.66 and a 200-day simple moving average of $57.06. 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 company has a market cap of $2.92 billion, a PE ratio of 42.47 and a beta of 1.27.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be paid a $0.14 dividend. 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 47.46%.

Insider Buying and Selling

In other St. Joe news, Director Bruce R. Berkowitz sold 54,100 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.39, for a total transaction of $3,267,099.00. Following the sale, the director now owns 17,976,124 shares in the company, valued at $1,085,578,128.36. This represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other St. Joe news, Director Bruce R. Berkowitz sold 54,100 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.39, for a total value of $3,267,099.00. Following the sale, the director now directly owns 17,976,124 shares of the company’s stock, valued at approximately $1,085,578,128.36. This represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were purchased at an average cost of $53.05 per share, with a total value of $89,919.75. Following the completion of the transaction, the chief executive officer now owns 60,093 shares in the company, valued at approximately $3,187,933.65. The trade was a 2.90 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 600,700 shares of company stock valued at $33,085,747 in the last ninety days. Company insiders own 38.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in St. Joe by 263.6% in the first 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. Quest Partners LLC boosted its holdings in shares of 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 buying an additional 723 shares in the last quarter. Blue Trust Inc. grew its position in shares of St. Joe by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after buying an additional 615 shares during the last quarter. nVerses Capital LLC raised its stake in St. Joe by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Finally, US Bancorp DE lifted its position 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 valued at $66,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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.