St. Joe (NYSE:JOE) Reaches New 12-Month Low - Should You Sell?

The St. Joe Company (NYSE:JOE - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $42.87 and last traded at $43.23, with a volume of 48885 shares changing hands. The stock had previously closed at $43.30.

St. Joe Trading Up 1.2 %

The stock has a market capitalization of $2.46 billion, a PE ratio of 35.70 and a beta of 1.28. The company's 50 day moving average price is $46.03 and its two-hundred day moving average price is $49.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe (NYSE:JOE - Get Free Report) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. The business had revenue of $104.30 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Monday, March 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.33%. St. Joe's payout ratio is 44.09%.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the completion of the transaction, the insider now owns 17,162,524 shares of the company's stock, valued at $808,526,505.64. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 300,000 shares of company stock worth $14,113,022 in the last ninety days. 38.80% of the stock is owned by insiders.

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Hedge Funds Weigh In On St. Joe

Large investors have recently made changes to their positions in the stock. Verition Fund Management LLC purchased a new stake in St. Joe in the third quarter valued at approximately $289,000. State Street Corp raised its holdings in shares of St. Joe by 5.7% in the 3rd quarter. State Street Corp now owns 1,396,046 shares of the financial services provider's stock valued at $81,403,000 after buying an additional 75,374 shares during the period. Barclays PLC lifted its stake in St. Joe by 404.5% during the 3rd quarter. Barclays PLC now owns 64,990 shares of the financial services provider's stock worth $3,790,000 after acquiring an additional 52,107 shares in the last quarter. Geode Capital Management LLC boosted its holdings in St. Joe by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 898,637 shares of the financial services provider's stock valued at $52,409,000 after acquiring an additional 23,973 shares during the period. Finally, Arete Wealth Advisors LLC grew its position in St. Joe by 8.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider's stock valued at $279,000 after acquiring an additional 356 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

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.