The St. Joe Company (NYSE:JOE) Director Sells $2,157,936.00 in Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 36,600 shares of the business’s stock in a transaction 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 transaction, the director now owns 19,131,024 shares of the company’s stock, valued at $1,127,965,175.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

St. Joe Trading Down 1.2 %

NYSE JOE traded down $0.71 during trading hours on Tuesday, hitting $58.14. 504,068 shares of the company’s stock were exchanged, compared to its average volume of 185,029. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $3.40 billion, a P/E ratio of 41.53 and a beta of 1.30. The business’s 50 day moving average is $55.73 and its 200-day moving average is $54.75. The St. Joe Company has a 12-month low of $41.25 and a 12-month high of $65.99.

St. Joe (NYSE:JOE) last released its earnings results 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 business had revenue of $86.70 million for the quarter.

St. Joe Announces Dividend

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

Institutional Investors Weigh In On St. Joe

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in 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 acquired a new position in St. Joe during the fourth quarter valued at approximately $67,000. Selway Asset Management acquired a new position in St. Joe during the third quarter valued at approximately $71,000. Quest Partners LLC acquired a new position in St. Joe during the fourth quarter valued at approximately $162,000. Finally, M&T Bank Corp acquired a new position in St. Joe during the fourth quarter valued at approximately $203,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.