Insider Trading Report: The St. Joe Co (JOE)

Jorge Gonzales, President and CEO of The St. Joe Co (JOE), recently picked up 1,000 shares. The buy increased his holdings by nearly 5 percent, and came to a total price of just under $42,000.

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  • This marks the first insider buy of 2021. A fund with a large ownership stake has been a seller this year. Looking at the past 3 years, C-suite executives and directors have only been buyers of shares.

    Overall, company insiders own about 7 percent of shares. The company has seen shares rally 131 percent in the past year. As a developer of property in Northwest Florida, St. Joe has benefitted from population shifts out of large cities and into less densely populated areas.

    It’s no surprise that the company has seen revenue rise 122 percent over the past year, and the company sports a 27 percent profit margin.

    Action to take: The national population shift underway still has some time to play out, and Northwest Florida is a slower beneficiary of those trends than other markets. There’s likely still a further rally in shares ahead.

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  • Investors may like shares, as the dividend was recently doubled. However, the current yield is under 1 percent, so it’s not strictly a yield play.

    For traders playing a rebound from the recent pullback, the September $50 calls look attractive here. Last trading for about $2.10, shares have traded as high as $56. On a move back to that price, these calls could nearly triple in value to $6.


    Disclosure: The author of this article has no positions in the stock mentioned here, but may make a trade on this company after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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