Bruce R. Berkowitz Sells 2,600 Shares of The St. Joe Company (NYSE:JOE) Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 2,600 shares of St. Joe stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.05, for a total value of $153,530.00. Following the completion of the sale, the director now owns 19,224,624 shares in the company, valued at $1,135,214,047.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

St. Joe Price Performance

Shares of JOE stock opened at $56.95 on Thursday. The firm has a market cap of $3.33 billion, a P/E ratio of 40.68 and a beta of 1.30. The St. Joe Company has a fifty-two week low of $39.68 and a fifty-two week high of $65.99. The business’s 50 day moving average price is $55.49 and its 200-day moving average price is $54.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47.

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 firm had revenue of $86.70 million for the quarter.

St. Joe Dividend Announcement

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

Institutional Investors Weigh In On St. Joe

Several hedge funds have recently made changes to their positions in JOE. Signaturefd LLC raised its stake in St. Joe by 1,198.0% during the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock valued at $36,000 after buying an additional 611 shares during the last quarter. GAMMA Investing LLC purchased a new position in St. Joe during the fourth quarter valued at $67,000. Selway Asset Management purchased a new position in shares of St. Joe in the third quarter worth $71,000. Quest Partners LLC purchased a new position in shares of St. Joe in the fourth quarter worth $162,000. Finally, M&T Bank Corp purchased a new position in shares of St. Joe in the fourth quarter worth $203,000. 86.67% of the stock is currently owned by 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.