The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz Sells 36,600 Shares

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 36,600 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $58.96, for a total value of $2,157,936.00. Following the completion of the sale, the director now directly owns 19,131,024 shares of the company’s stock, valued at approximately $1,127,965,175.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

St. Joe Price Performance

NYSE JOE opened at $58.14 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $3.40 billion, a PE ratio of 41.53 and a beta of 1.30. The St. Joe Company has a 12-month low of $41.25 and a 12-month high of $65.99. The company has a 50 day moving average price of $55.81 and a two-hundred day moving average price of $54.81.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%. The firm had revenue of $86.70 million during the quarter.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, May 14th. St. Joe’s payout ratio is 34.29%.

Institutional Investors Weigh In On St. Joe

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOE. Signaturefd LLC raised its position in shares of St. Joe by 1,198.0% in the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 611 shares during the period. GAMMA Investing LLC bought a new position in St. Joe in the 4th quarter worth $67,000. Selway Asset Management acquired a new position in St. Joe during the 3rd quarter worth $71,000. Quest Partners LLC bought a new stake in St. Joe during the fourth quarter valued at about $162,000. Finally, M&T Bank Corp acquired a new stake in shares of St. Joe in the fourth quarter valued at about $203,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.