St. Joe Co (NYSE:JOE) Director Howard S. Frank purchased 20,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was acquired at an average price of $18.98 per share, with a total value of $379,600.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $379,600. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
St. Joe Co (NYSE:JOE) opened at $18.50 on Friday. St. Joe Co has a 52 week low of $16.30 and a 52 week high of $21.05. The firm has a market capitalization of $1,223.62, a P/E ratio of 55.91 and a beta of 0.91.
St. Joe (NYSE:JOE) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. St. Joe had a return on equity of 3.71% and a net margin of 24.82%. The business had revenue of $33.60 million during the quarter, compared to the consensus estimate of $25.80 million.
Separately, Zacks Investment Research downgraded St. Joe from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th.
A number of hedge funds have recently bought and sold shares of JOE. BNP Paribas Arbitrage SA boosted its stake in St. Joe by 207.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 4,039 shares during the period. SG Americas Securities LLC bought a new position in shares of St. Joe during the 2nd quarter valued at approximately $114,000. QS Investors LLC bought a new position in shares of St. Joe during the 2nd quarter valued at approximately $146,000. Stelac Advisory Services LLC bought a new position in shares of St. Joe during the 3rd quarter valued at approximately $158,000. Finally, Wolverine Trading LLC bought a new position in shares of St. Joe during the 2nd quarter valued at approximately $189,000. Institutional investors and hedge funds own 92.69% of the company’s stock.
St. Joe Company Profile
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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