The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz Sells 1,500 Shares

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 1,500 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $59.19, for a total value of $88,785.00. Following the sale, the director now owns 19,227,224 shares in the company, valued at approximately $1,138,059,388.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

St. Joe Stock Performance

NYSE:JOE opened at $57.20 on Wednesday. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 40.86 and a beta of 1.30. The business has a 50 day moving average of $55.43 and a 200 day moving average of $54.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.47 and a quick ratio of 1.47. The St. Joe Company has a 1-year low of $39.68 and a 1-year high of $65.99.

St. Joe (NYSE:JOE) last announced 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 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.48 annualized dividend and a yield of 0.84%. St. Joe’s payout ratio is 34.29%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JOE. Signaturefd LLC boosted its holdings in St. Joe by 1,198.0% during the 3rd quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 611 shares during the period. GAMMA Investing LLC bought a new stake in St. Joe in the fourth quarter valued at approximately $67,000. Selway Asset Management bought a new stake in St. Joe in the third quarter valued at approximately $71,000. Quest Partners LLC purchased a new stake in shares of St. Joe during the fourth quarter valued at approximately $162,000. Finally, M&T Bank Corp bought a new position in shares of St. Joe in the fourth quarter worth approximately $203,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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.