The St. Joe Company (NYSE:JOE) CEO Jorge Luis Gonzalez Acquires 1,695 Shares

The St. Joe Company (NYSE:JOE) CEO Jorge Luis Gonzalez acquired 1,695 shares of the stock in a transaction on Friday, October 25th. The stock was bought at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the transaction, the chief executive officer now owns 60,093 shares in the company, valued at approximately $3,187,933.65. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

St. Joe Stock Performance

JOE opened at $52.08 on Thursday. The firm has a fifty day moving average price of $58.06 and a 200 day moving average price of $57.37. The St. Joe Company has a 1 year low of $45.99 and a 1 year high of $64.69. The stock has a market cap of $3.04 billion, a P/E ratio of 44.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be given a $0.14 dividend. 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 1.08%. St. Joe’s dividend payout ratio (DPR) is currently 47.46%.

Institutional Investors Weigh In On St. Joe

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in St. Joe by 263.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 427 shares during the period. Quest Partners LLC increased its position in shares of 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 buying an additional 723 shares in the last quarter. Blue Trust Inc. raised its stake in shares of St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after buying an additional 615 shares during the period. nVerses Capital LLC lifted its position in shares of St. Joe by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after buying an additional 400 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new stake in St. Joe in the 2nd quarter valued at $63,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

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.