The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz Sells 57,000 Shares

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 57,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total value of $3,320,820.00. Following the sale, the director now owns 19,167,624 shares in the company, valued at approximately $1,116,705,774.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

St. Joe Trading Down 1.2 %

Shares of JOE stock opened at $58.14 on Wednesday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 41.53 and a beta of 1.30. The St. Joe Company has a twelve month low of $41.25 and a twelve month high of $65.99. 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’s fifty day simple moving average is $55.81 and its 200 day simple moving average is $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 for the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%. The business had revenue of $86.70 million for the quarter.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders 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 of this dividend is Tuesday, May 14th. St. Joe’s dividend payout ratio is 34.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Yousif Capital Management LLC raised its stake in St. Joe by 1.0% during the 4th quarter. Yousif Capital Management LLC now owns 19,532 shares of the financial services provider’s stock worth $1,175,000 after buying an additional 197 shares during the period. Lumbard & Kellner LLC raised its stake in St. Joe by 2.0% during the 4th quarter. Lumbard & Kellner LLC now owns 10,161 shares of the financial services provider’s stock worth $611,000 after buying an additional 200 shares during the period. Wealthcare Advisory Partners LLC raised its stake in St. Joe by 4.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,259 shares of the financial services provider’s stock worth $316,000 after buying an additional 220 shares during the period. Raymond James & Associates raised its stake in St. Joe by 0.8% during the 3rd quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock worth $1,713,000 after buying an additional 252 shares during the period. Finally, Amalgamated Bank raised its stake in St. Joe by 2.2% during the 3rd quarter. Amalgamated Bank now owns 15,909 shares of the financial services provider’s stock worth $864,000 after buying an additional 340 shares during the period. 86.67% of the stock is 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.