Jorge Luis Gonzalez Purchases 1,695 Shares of The St. Joe Company (NYSE:JOE) Stock

The St. Joe Company (NYSE:JOE) CEO Jorge Luis Gonzalez purchased 1,695 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were 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 directly owns 60,093 shares of the company’s stock, valued at $3,187,933.65. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

St. Joe Stock Performance

Shares of NYSE:JOE opened at $51.69 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. 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 capitalization of $3.02 billion, a P/E ratio of 43.81 and a beta of 1.26. The business has a 50-day moving average price of $58.06 and a two-hundred day moving average price of $57.37.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 1.08%. St. Joe’s dividend payout ratio is currently 47.46%.

Hedge Funds Weigh In On St. Joe

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in shares of St. Joe by 263.6% in the 1st 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 during the period. Quest Partners LLC increased its holdings 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 purchasing an additional 723 shares during the last quarter. Blue Trust Inc. grew its holdings in 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 in the last quarter. nVerses Capital LLC lifted its holdings in shares of 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 in the last quarter. Finally, US Bancorp DE grew its stake in shares of 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 in the last quarter. 86.67% of the stock is owned by institutional investors.

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.