Short Interest in The St. Joe Company (NYSE:JOE) Decreases By 8.7%

The St. Joe Company (NYSE:JOE) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 595,600 shares, a decrease of 8.7% from the July 31st total of 652,600 shares. Based on an average trading volume of 159,300 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.0% of the shares of the stock are short sold.

Insider Buying and Selling at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 28,100 shares of St. Joe stock in a transaction that occurred 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 transaction, the director now owns 18,172,524 shares in the company, valued at $1,144,505,561.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Bruce R. Berkowitz sold 28,100 shares of the stock in a transaction on Monday, July 29th. The stock was 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 in the company, valued at approximately $1,144,505,561.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Berkowitz sold 51,600 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total value of $3,213,648.00. Following the sale, the director now owns 18,030,924 shares in the company, valued at approximately $1,122,965,946.72. The disclosure for this sale can be found here. In the last three months, insiders sold 285,000 shares of company stock valued at $17,558,573. 38.80% of the stock is owned by insiders.

Institutional Trading of St. Joe

A number of institutional investors and hedge funds have recently made changes to their positions in JOE. EverSource Wealth Advisors LLC lifted its position in shares of St. Joe by 263.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 427 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of St. Joe by 72,300.0% during the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after buying an additional 723 shares during the last quarter. nVerses Capital LLC boosted its position in shares of St. Joe by 100.0% in the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 400 shares during the period. Lowe Wealth Advisors LLC acquired a new stake in shares of St. Joe in the second quarter worth $63,000. Finally, M&T Bank Corp bought a new position in St. Joe during the fourth quarter worth $203,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Down 2.8 %

NYSE:JOE traded down $1.65 during trading hours on Tuesday, hitting $57.72. 100,707 shares of the company’s stock traded hands, compared to its average volume of 173,184. The stock’s fifty day moving average price is $58.09 and its two-hundred day moving average price is $56.57. The firm has a market cap of $3.37 billion, a P/E ratio of 42.41 and a beta of 1.27. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.33 and a current ratio of 1.33. St. Joe has a twelve month low of $45.93 and a twelve month high of $64.69.

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

St. Joe Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.97%. This is an increase from St. Joe’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 9th. St. Joe’s dividend payout ratio is presently 40.00%.

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.