The St. Joe Company (NYSE:JOE) CEO Purchases $89,919.75 in Stock

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

St. Joe Stock Performance

Shares of NYSE:JOE opened at $50.68 on Friday. 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 business’s 50 day moving average price is $57.73 and its 200-day moving average price is $57.29. The firm has a market capitalization of $2.96 billion, a PE ratio of 42.95 and a beta of 1.26. The St. Joe Company has a 1 year low of $47.32 and a 1 year high of $64.69.

St. Joe Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, November 7th. St. Joe’s dividend payout ratio is presently 47.46%.

Institutional Trading of St. Joe

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 427 shares during the last quarter. Quest Partners LLC boosted its stake 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 worth $40,000 after acquiring an additional 723 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 615 shares during the last quarter. nVerses Capital LLC boosted its stake in St. Joe by 100.0% during the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after buying an additional 400 shares during the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new position in St. Joe during the second quarter worth $63,000. 86.67% of the stock is 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.