St. Joe Company (The) (JOE) CEO Purchases $24,180.00 in Stock

St. Joe Company (The) (NYSE:JOE) CEO Jorge Luis Gonzalez purchased 1,300 shares of the company’s stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $18.60 per share, for a total transaction of $24,180.00. Following the purchase, the chief executive officer now directly owns 2,704 shares of the company’s stock, valued at approximately $50,294.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of St. Joe Company (NYSE JOE) traded up $0.20 during trading hours on Tuesday, hitting $18.80. 575,560 shares of the company’s stock traded hands, compared to its average volume of 267,501. The firm has a market capitalization of $1,226.94, a price-to-earnings ratio of 56.06 and a beta of 0.91. St. Joe Company has a 12 month low of $16.30 and a 12 month high of $21.32.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $33.60 million during the quarter, compared to analysts’ expectations of $25.80 million. St. Joe had a net margin of 24.82% and a return on equity of 3.71%. analysts anticipate that St. Joe Company will post 0.25 EPS for the current fiscal year.

St. Joe declared that its board has initiated a stock repurchase plan on Thursday, September 21st that authorizes the company to repurchase $66.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Several brokerages have commented on JOE. BidaskClub lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered shares of St. Joe from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th.

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of St. Joe by 1.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,839 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 163 shares in the last quarter. UBS Group AG boosted its holdings in shares of St. Joe by 4.9% in the first quarter. UBS Group AG now owns 6,203 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 289 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of St. Joe by 0.6% in the first quarter. Teachers Advisors LLC now owns 100,168 shares of the financial services provider’s stock valued at $1,708,000 after acquiring an additional 594 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of St. Joe by 0.8% in the second quarter. TIAA CREF Investment Management LLC now owns 133,650 shares of the financial services provider’s stock valued at $2,506,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of St. Joe by 9.9% in the second quarter. Voya Investment Management LLC now owns 24,786 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 2,227 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

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About St. Joe

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

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