The St. Joe Company (NYSE:JOE) Short Interest Update

The St. Joe Company (NYSE:JOE) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 621,700 shares, an increase of 17.7% from the September 15th total of 528,200 shares. Based on an average daily trading volume, of 165,500 shares, the short-interest ratio is presently 3.8 days. Approximately 1.1% of the shares of the company are short sold.

St. Joe Stock Performance

Shares of JOE traded up $0.74 during midday trading on Wednesday, hitting $59.69. 136,653 shares of the stock traded hands, compared to its average volume of 173,846. 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 1-year low of $45.93 and a 1-year high of $64.69. The business’s 50 day moving average price is $58.49 and its two-hundred day moving average price is $57.47. The firm has a market capitalization of $3.49 billion, a PE ratio of 42.64 and a beta of 1.26.

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

St. Joe Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, August 9th. This is a positive change from St. Joe’s previous quarterly dividend of $0.12. St. Joe’s payout ratio is 40.00%.

Insiders Place Their Bets

In related news, Director Bruce R. Berkowitz sold 54,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $63.76, for a total transaction of $3,443,040.00. Following the sale, the director now directly owns 18,200,624 shares of the company’s stock, valued at approximately $1,160,471,786.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 54,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $63.76, for a total value of $3,443,040.00. Following the transaction, the director now owns 18,200,624 shares of the company’s stock, valued at approximately $1,160,471,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 285,000 shares of company stock valued at $17,558,573 in the last quarter. Insiders own 38.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. UniSuper Management Pty Ltd acquired a new position in shares of St. Joe during the first quarter valued at approximately $558,000. Vanguard Group Inc. raised its stake in shares of St. Joe by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock worth $334,213,000 after buying an additional 59,563 shares in the last quarter. Algert Global LLC boosted its stake in St. Joe by 9.4% during the second quarter. Algert Global LLC now owns 134,851 shares of the financial services provider’s stock valued at $7,376,000 after buying an additional 11,592 shares in the last quarter. Old West Investment Management LLC grew its holdings in St. Joe by 14.1% during the second quarter. Old West Investment Management LLC now owns 75,544 shares of the financial services provider’s stock worth $4,132,000 after acquiring an additional 9,362 shares during the period. Finally, Raymond James & Associates lifted its holdings in St. Joe by 169.6% in the 2nd quarter. Raymond James & Associates now owns 89,286 shares of the financial services provider’s stock valued at $4,884,000 after acquiring an additional 56,171 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

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.