The St. Joe Company (NYSE:JOE – Get Rating) CEO Jorge Luis Gonzalez acquired 1,000 shares of the stock in a transaction on Thursday, May 12th. The stock was purchased at an average cost of $46.15 per share, with a total value of $46,150.00. Following the transaction, the chief executive officer now directly owns 33,642 shares of the company’s stock, valued at $1,552,578.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Jorge Luis Gonzalez also recently made the following trade(s):
- On Thursday, May 5th, Jorge Luis Gonzalez purchased 1,000 shares of St. Joe stock. The shares were bought at an average cost of $50.71 per share, with a total value of $50,710.00.
Shares of NYSE JOE opened at $47.81 on Friday. The firm’s 50-day simple moving average is $55.52 and its 200 day simple moving average is $51.81. The stock has a market cap of $2.82 billion, a P/E ratio of 33.20 and a beta of 1.10. The St. Joe Company has a fifty-two week low of $39.80 and a fifty-two week high of $62.21.
St. Joe (NYSE:JOE – Get Rating) last released its earnings results on Wednesday, April 27th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $64.90 million for the quarter. St. Joe had a return on equity of 13.83% and a net margin of 29.16%.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Investors of record on Wednesday, May 11th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, May 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. St. Joe’s dividend payout ratio is currently 27.78%.
A number of institutional investors and hedge funds have recently modified their holdings of JOE. Paragon Capital Management Ltd purchased a new position in St. Joe during the 4th quarter valued at about $32,000. Steward Partners Investment Advisory LLC purchased a new position in St. Joe during the 4th quarter valued at about $34,000. PYA Waltman Capital LLC purchased a new position in St. Joe during the 4th quarter valued at about $38,000. Tyler Stone Wealth Management purchased a new position in St. Joe during the 4th quarter valued at about $57,000. Finally, Princeton Global Asset Management LLC grew its stake in St. Joe by 209.4% during the 1st quarter. Princeton Global Asset Management LLC now owns 1,553 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 1,051 shares in the last quarter. 87.58% of the stock is currently owned by hedge funds and other institutional investors.
Separately, StockNews.com started coverage on St. Joe in a research note on Thursday, March 31st. They set a “hold” rating on the stock.
About St. Joe (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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