Jorge Luis Gonzalez, the President, CEO, and Chairman of St Joe Co (NYSE:JOE), made a significant purchase of company stock recently. According to a recent SEC filing, Gonzalez acquired 1,695 shares of common stock on October 25, 2024, at a price of $53.05 per share. This transaction amounted to a total value of $89,919. Following this purchase, Gonzalez now holds a total of 60,093 shares directly. This move underscores Gonzalez's continued commitment to the company, as he strengthens his stake in the real estate and construction firm.
InvestingPro Insights
Jorge Luis Gonzalez's recent purchase of St. Joe Co (NYSE:JOE) shares aligns with several interesting metrics and trends highlighted by InvestingPro. The company's stock has experienced a significant decline recently, with InvestingPro data showing a 16.15% drop in the three-month price total return. This downturn may have presented an attractive entry point for Gonzalez, especially considering that an InvestingPro Tip suggests the stock is currently in oversold territory based on its RSI (Relative Strength Index).
Despite the recent price decline, St. Joe Co maintains a solid financial position. InvestingPro data reveals that the company's liquid assets exceed its short-term obligations, indicating a healthy balance sheet. Additionally, the company operates with a moderate level of debt, which could provide flexibility for future growth initiatives.
It's worth noting that St. Joe Co has been consistently rewarding its shareholders, with an InvestingPro Tip highlighting that the company has raised its dividend for five consecutive years. The current dividend yield stands at 1.08%, with a notable dividend growth of 16.67% over the last twelve months.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for St. Joe Co, providing a deeper understanding of the company's financial health and market position. These insights could be particularly valuable given the recent insider buying activity and the company's evolving market dynamics.
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