The St. Joe Company (NYSE:JOE) Sees Significant Growth in Short Interest

The St. Joe Company (NYSE:JOE) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 621,700 shares, a growth of 17.7% from the September 15th total of 528,200 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 165,500 shares, the days-to-cover ratio is currently 3.8 days.

Insider Activity

In other St. Joe news, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the completion of the transaction, the director now owns 18,172,524 shares of the company’s stock, valued at approximately $1,144,505,561.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Bruce R. Berkowitz sold 54,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $63.76, for a total transaction of $3,443,040.00. Following the sale, the director now owns 18,200,624 shares in the company, valued at approximately $1,160,471,786.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce R. Berkowitz sold 28,100 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $62.98, for a total value of $1,769,738.00. Following the completion of the transaction, the director now owns 18,172,524 shares of the company’s stock, valued at $1,144,505,561.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 285,000 shares of company stock worth $17,558,573 over the last ninety days. 38.80% of the stock is currently owned by insiders.

Institutional Trading of St. Joe

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in St. Joe by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after purchasing an additional 59,563 shares during the period. Raymond James & Associates lifted its position in St. Joe by 169.6% during the 2nd quarter. Raymond James & Associates now owns 89,286 shares of the financial services provider’s stock worth $4,884,000 after acquiring an additional 56,171 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in St. Joe in the first quarter valued at approximately $2,097,000. Susquehanna Fundamental Investments LLC grew its position in St. Joe by 377.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 24,701 shares of the financial services provider’s stock valued at $1,351,000 after acquiring an additional 19,526 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in St. Joe by 493.8% during the 3rd quarter. SG Americas Securities LLC now owns 20,290 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 16,873 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Trading Up 1.3 %

Shares of NYSE:JOE traded up $0.74 during midday trading on Wednesday, reaching $59.69. The company’s stock had a trading volume of 136,653 shares, compared to its average volume of 173,846. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 42.64 and a beta of 1.26. The business has a 50 day moving average price of $58.49 and a 200 day moving average price of $57.47. St. Joe has a 1 year low of $45.93 and a 1 year high of $64.69. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.87.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.42 EPS for the quarter. St. Joe had a return on equity of 10.07% and a net margin of 18.32%. The business had revenue of $111.60 million during the quarter.

St. Joe Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a $0.14 dividend. This is a positive change from St. Joe’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, August 9th. St. Joe’s payout ratio is currently 40.00%.

St. Joe Company Profile

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.