St. Joe (NYSE:JOE) Shares Down 4.7% – What’s Next?

Shares of The St. Joe Company (NYSE:JOE) were down 4.7% on Thursday . The company traded as low as $54.00 and last traded at $54.15. Approximately 120,279 shares traded hands during trading, a decline of 30% from the average daily volume of 172,962 shares. The stock had previously closed at $56.81.

St. Joe Price Performance

The stock’s 50 day moving average is $58.44 and its two-hundred day moving average is $57.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $3.10 billion, a PE ratio of 43.55 and a beta of 1.26.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.42 EPS for the quarter. The company had revenue of $111.60 million for the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.05%. St. Joe’s dividend payout ratio (DPR) is presently 45.90%.

Insider Transactions at St. Joe

In other news, Director Bruce R. Berkowitz sold 97,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the transaction, the director now directly owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Bruce R. Berkowitz sold 51,600 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total transaction of $3,213,648.00. Following the completion of the sale, the director now directly owns 18,030,924 shares of the company’s stock, valued at $1,122,965,946.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce R. Berkowitz sold 97,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.34, for a total value of $5,865,048.00. Following the sale, the director now directly owns 17,878,924 shares of the company’s stock, valued at approximately $1,078,814,274.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,000 shares of company stock worth $14,115,533. Insiders own 38.80% of the company’s stock.

Institutional Investors Weigh In On St. Joe

Several hedge funds have recently modified their holdings of JOE. Vanguard Group Inc. lifted its holdings in shares of St. Joe by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock worth $334,213,000 after purchasing an additional 59,563 shares during the period. Raymond James & Associates lifted its holdings in shares of St. Joe by 169.6% during the second quarter. Raymond James & Associates now owns 89,286 shares of the financial services provider’s stock worth $4,884,000 after purchasing an additional 56,171 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of St. Joe during the first quarter worth $2,097,000. Susquehanna Fundamental Investments LLC lifted its holdings in St. Joe by 377.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 24,701 shares of the financial services provider’s stock valued at $1,351,000 after acquiring an additional 19,526 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in St. Joe by 493.8% in the third quarter. SG Americas Securities LLC now owns 20,290 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 16,873 shares during the period. 86.67% of the stock is 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.