St. Joe (NYSE:JOE) Reaches New 1-Year Low - Here's Why

The St. Joe Company (NYSE:JOE - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.42 and last traded at $42.38, with a volume of 222369 shares changing hands. The stock had previously closed at $42.48.

St. Joe Price Performance

The company has a market cap of $2.56 billion, a price-to-earnings ratio of 37.31 and a beta of 1.28. The stock's 50-day simple moving average is $44.63 and its 200 day simple moving average is $47.34. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. The firm had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.27%. St. Joe's dividend payout ratio is presently 42.11%.

Insider Buying and Selling

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the transaction, the insider now owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 300,000 shares of company stock valued at $14,113,022. Corporate insiders own 0.32% of the company's stock.

Hedge Funds Weigh In On St. Joe

Several institutional investors have recently modified their holdings of JOE. Vanguard Group Inc. boosted its holdings in St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after purchasing an additional 252,906 shares during the period. Geode Capital Management LLC boosted its stake in shares of St. Joe by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider's stock valued at $40,746,000 after buying an additional 8,031 shares during the period. Horizon Kinetics Asset Management LLC boosted its stake in shares of St. Joe by 7.7% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider's stock valued at $25,350,000 after buying an additional 40,354 shares during the period. Northern Trust Corp grew its position in shares of St. Joe by 7.4% during the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider's stock worth $19,512,000 after buying an additional 29,918 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider's stock worth $16,380,000 after buying an additional 6,904 shares during the period. Institutional investors and hedge funds own 86.67% of the company's stock.

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.