Insider Buying: St. Joe Co (NYSE:JOE) SVP Purchases 1,438 Shares of Stock

St. Joe Co (NYSE:JOE) SVP Elizabeth J. Walters acquired 1,438 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average cost of $17.13 per share, for a total transaction of $24,632.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

JOE stock traded down $0.08 during mid-day trading on Friday, hitting $15.93. 93,117 shares of the company were exchanged, compared to its average volume of 147,390. The firm has a market cap of $968.03 million, a PE ratio of 93.71 and a beta of 1.04. St. Joe Co has a 12-month low of $12.63 and a 12-month high of $18.45.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.03 earnings per share for the quarter. The company had revenue of $16.00 million for the quarter. St. Joe had a net margin of 31.58% and a return on equity of 2.82%.

Several research firms have recently commented on JOE. Zacks Investment Research downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. TheStreet upgraded shares of St. Joe from a “c” rating to a “b-” rating in a research report on Monday, April 15th.

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in St. Joe in the third quarter valued at $729,000. ETF Managers Group LLC raised its stake in St. Joe by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 6,916 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 942 shares during the last quarter. Marshall Wace LLP acquired a new position in St. Joe in the 3rd quarter valued at about $475,000. Vanguard Group Inc. raised its stake in St. Joe by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,660,140 shares of the financial services provider’s stock valued at $95,091,000 after purchasing an additional 248,832 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in St. Joe by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,555,775 shares of the financial services provider’s stock valued at $26,137,000 after buying an additional 51,407 shares during the period. 93.77% of the stock is owned by institutional investors.

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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 Northwest Florida, the United States. It operates through four segments: Residential Real Estate, Hospitality, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.

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