The St. Joe Company (NYSE:JOE) Short Interest Up 5.4% in March

The St. Joe Company (NYSE:JOEGet Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 670,700 shares, a growth of 5.4% from the February 29th total of 636,100 shares. Based on an average daily volume of 172,300 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.2% of the company’s shares are short sold.

Insider Buying and Selling at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 7,300 shares of St. Joe stock in a transaction on Monday, March 4th. The stock was sold at an average price of $54.28, for a total value of $396,244.00. Following the sale, the director now owns 19,228,724 shares in the company, valued at $1,043,735,138.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.38, for a total transaction of $249,210.00. Following the transaction, the director now owns 19,390,224 shares in the company, valued at approximately $1,073,830,605.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce R. Berkowitz sold 7,300 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.28, for a total value of $396,244.00. Following the transaction, the director now owns 19,228,724 shares in the company, valued at approximately $1,043,735,138.72. The disclosure for this sale can be found here. Insiders have sold 106,800 shares of company stock worth $5,780,959 over the last quarter. 42.00% of the stock is currently owned by company insiders.

Institutional Trading of St. Joe

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of St. Joe by 0.4% during the third quarter. Vanguard Group Inc. now owns 5,621,355 shares of the financial services provider’s stock worth $180,052,000 after purchasing an additional 22,709 shares in the last quarter. BlackRock Inc. boosted its holdings in St. Joe by 3.3% in the 3rd quarter. BlackRock Inc. now owns 5,252,502 shares of the financial services provider’s stock valued at $168,239,000 after purchasing an additional 166,505 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of St. Joe by 23.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,912,910 shares of the financial services provider’s stock worth $112,584,000 after acquiring an additional 561,323 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of St. Joe by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,550,343 shares of the financial services provider’s stock worth $64,508,000 after acquiring an additional 43,383 shares during the period. Finally, State Street Corp lifted its holdings in shares of St. Joe by 2.3% during the 2nd quarter. State Street Corp now owns 1,155,973 shares of the financial services provider’s stock worth $55,880,000 after acquiring an additional 25,502 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Up 3.3 %

NYSE:JOE opened at $57.51 on Thursday. The firm has a market capitalization of $3.36 billion, a PE ratio of 42.92 and a beta of 1.30. The stock has a 50 day moving average of $54.87 and a 200-day moving average of $54.23. St. Joe has a 52 week low of $38.81 and a 52 week high of $65.99. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.90.

St. Joe (NYSE:JOEGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $86.70 million during the quarter. St. Joe had a return on equity of 11.40% and a net margin of 19.96%.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, March 1st. St. Joe’s dividend payout ratio (DPR) is presently 35.82%.

About St. Joe

(Get Free Report)

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.

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