Insider Buying: The St. Joe Company (NYSE:JOE) CEO Acquires 1,000 Shares of Stock

The St. Joe Company (NYSE:JOE – Get Rating) CEO Jorge Luis Gonzalez bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was acquired at an average price of $50.71 per share, for a total transaction of $50,710.00. Following the completion of the acquisition, the chief executive officer now directly owns 32,642 shares in the company, valued at $1,655,275.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

JOE stock opened at $49.69 on Friday. The St. Joe Company has a 52-week low of $39.80 and a 52-week high of $62.21. The company’s 50 day simple moving average is $56.38 and its 200-day simple moving average is $51.78. The firm has a market capitalization of $2.93 billion, a P/E ratio of 34.51 and a beta of 1.10.

St. Joe (NYSE:JOE – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. St. Joe had a net margin of 29.16% and a return on equity of 13.83%. The business had revenue of $99.50 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Wednesday, May 11th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. St. Joe’s dividend payout ratio is currently 27.78%.

Separately, StockNews.com started coverage on shares of St. Joe in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

A number of institutional investors have recently added to or reduced their stakes in JOE. Paragon Capital Management Ltd acquired a new position in St. Joe in the 4th quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC acquired a new position in St. Joe in the 4th quarter valued at approximately $34,000. PYA Waltman Capital LLC acquired a new position in St. Joe in the 4th quarter valued at approximately $38,000. Tyler Stone Wealth Management acquired a new position in St. Joe in the 4th quarter valued at approximately $57,000. Finally, Byrne Asset Management LLC acquired a new position in St. Joe in the 4th quarter valued at approximately $87,000. Hedge funds and other institutional investors own 87.58% of the company’s stock.

St. Joe Company Profile (Get Rating)

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 plans and develops residential communities of various sizes for homebuilders or retail consumers.

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