St. Joe (NYSE:JOE) Hits New 52-Week Low - Time to Sell?

The St. Joe Company (NYSE:JOE - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $46.25 and last traded at $46.69, with a volume of 17419 shares changing hands. The stock had previously closed at $46.64.

St. Joe Stock Performance

The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 40.15 and a beta of 1.25. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average of $52.48 and a 200-day moving average of $55.77.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 7th. St. Joe's payout ratio is 47.46%.

Insider Buying and Selling

In related news, CEO Jorge Luis Gonzalez bought 1,695 shares of the stock in a transaction dated Friday, October 25th. The shares were purchased at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the purchase, the chief executive officer now directly owns 60,093 shares of the company's stock, valued at $3,187,933.65. This represents a 2.90 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bruce R. Berkowitz sold 343,400 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total value of $18,354,730.00. Following the sale, the insider now directly owns 17,396,624 shares in the company, valued at approximately $929,849,552.80. This trade represents a 1.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 449,400 shares of company stock valued at $23,953,600 over the last quarter. 38.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On St. Joe

Several hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in shares of St. Joe in the 3rd quarter valued at $35,000. Quest Partners LLC raised its position in shares of St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider's stock worth $40,000 after acquiring an additional 723 shares during the period. Blue Trust Inc. boosted its stake in shares of St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider's stock worth $40,000 after acquiring an additional 615 shares in the last quarter. nVerses Capital LLC grew its position in shares of St. Joe by 100.0% during the 2nd 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. Finally, EverSource Wealth Advisors LLC increased its stake in shares of St. Joe by 86.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors 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.