The St. Joe Company (NYSE:JOE) Major Shareholder Bruce R. Berkowitz Sells 80,000 Shares

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $53.14, for a total transaction of $4,251,200.00. Following the completion of the transaction, the insider now owns 17,797,824 shares of the company’s stock, valued at $945,776,367.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

St. Joe Stock Down 0.2 %

JOE stock traded down $0.11 during trading hours on Wednesday, reaching $52.08. 150,164 shares of the stock were exchanged, compared to its average volume of 177,188. The firm’s 50-day moving average is $58.06 and its 200-day moving average is $57.37. The St. Joe Company has a 12 month low of $45.99 and a 12 month high of $64.69. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 44.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe’s dividend payout ratio is presently 47.46%.

Institutional Investors Weigh In On St. Joe

Several institutional investors have recently bought and sold shares of JOE. EverSource Wealth Advisors LLC lifted its position in shares of St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 427 shares in the last quarter. Quest Partners LLC increased its stake in St. Joe by 72,300.0% in the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after buying an additional 723 shares during the last quarter. Blue Trust Inc. lifted its position in St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after buying an additional 615 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of St. Joe by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after buying an additional 400 shares during the last quarter. Finally, Lowe Wealth Advisors LLC bought a new position in shares of St. Joe in the 2nd quarter valued at about $63,000. Institutional investors own 86.67% of the company’s stock.

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.