The St. Joe Company (NYSE:JOE) Short Interest Down 8.7% in August

The St. Joe Company (NYSE:JOE) saw a significant decrease in short interest in 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. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 159,300 shares, the days-to-cover ratio is currently 3.7 days.

Insider Transactions at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 97,200 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the completion of the sale, the director now owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Bruce R. Berkowitz sold 54,100 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.39, for a total value of $3,267,099.00. Following the completion of the sale, the director now directly owns 17,976,124 shares of the company’s stock, valued at $1,085,578,128.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bruce R. Berkowitz sold 97,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.34, for a total value of $5,865,048.00. Following the completion of the transaction, the director now owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. The disclosure for this sale can be found here. Insiders have sold 285,000 shares of company stock valued at $17,558,573 over the last ninety days. 38.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On St. Joe

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in St. Joe by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock worth $334,213,000 after acquiring an additional 59,563 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of St. Joe by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,525,941 shares of the financial services provider’s stock worth $83,467,000 after purchasing an additional 5,144 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of St. Joe by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 351,319 shares of the financial services provider’s stock worth $19,217,000 after buying an additional 11,113 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in St. Joe by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 289,875 shares of the financial services provider’s stock valued at $17,445,000 after buying an additional 7,581 shares during the period. Finally, Capital Research Global Investors increased its holdings in St. Joe by 41.0% during the fourth quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock worth $14,178,000 after buying an additional 68,500 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Trading Up 1.8 %

NYSE JOE opened at $59.37 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $58.09 and a 200 day simple moving average of $56.57. St. Joe has a 12 month low of $45.93 and a 12 month high of $64.69. The firm has a market capitalization of $3.47 billion, a P/E ratio of 42.41 and a beta of 1.27.

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

St. Joe Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.56 annualized dividend and a dividend yield of 0.94%. This is a boost from St. Joe’s previous quarterly dividend of $0.12. St. Joe’s dividend payout ratio (DPR) is currently 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.