St. Joe (NYSE:JOE) CFO Marek Bakun acquired 1,036 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was acquired at an average cost of $19.32 per share, with a total value of $20,015.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of St. Joe stock traded down $0.05 during trading hours on Thursday, hitting $18.05. The company’s stock had a trading volume of 233,353 shares, compared to its average volume of 311,718. St. Joe has a 1-year low of $16.45 and a 1-year high of $20.00. The firm has a market capitalization of $1,192.33, a P/E ratio of -120.33 and a beta of 0.91.
St. Joe (NYSE:JOE) last announced its earnings results on Thursday, March 1st. The financial services provider reported ($0.08) earnings per share for the quarter. The firm had revenue of $21.50 million during the quarter. St. Joe had a net margin of 60.38% and a return on equity of 2.63%. sell-side analysts forecast that St. Joe will post 0.08 earnings per share for the current fiscal year.
Separately, ValuEngine lowered shares of St. Joe from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
Several hedge funds have recently made changes to their positions in JOE. Parametric Portfolio Associates LLC boosted its stake in shares of St. Joe by 37.2% in the second quarter. Parametric Portfolio Associates LLC now owns 46,504 shares of the financial services provider’s stock valued at $872,000 after purchasing an additional 12,617 shares during the period. Victory Capital Management Inc. purchased a new position in shares of St. Joe in the third quarter valued at $231,000. SG Americas Securities LLC boosted its stake in shares of St. Joe by 212.0% in the third quarter. SG Americas Securities LLC now owns 18,910 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 12,850 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of St. Joe in the third quarter valued at $526,000. Finally, Stelac Advisory Services LLC purchased a new position in shares of St. Joe in the third quarter valued at $158,000. Institutional investors and hedge funds own 96.02% of the company’s stock.
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About St. Joe
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Florida, the United States. It operates through four segments: Residential Real Estate, Resorts and Leisure, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.
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