The St. Joe Company (NYSE:JOE) Major Shareholder Sells $4,508,427.00 in Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 95,700 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the sale, the insider now owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

St. Joe Trading Up 0.4 %

JOE opened at $47.20 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The St. Joe Company has a one year low of $42.94 and a one year high of $64.69. The company has a market cap of $2.75 billion, a P/E ratio of 40.00 and a beta of 1.30. The business’s 50-day simple moving average is $46.91 and its 200-day simple moving average is $51.49.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The firm had revenue of $104.30 million during the quarter.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is 44.09%.

Institutional Investors Weigh In On St. Joe

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in shares of St. Joe by 163.6% during the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 700 shares during the last quarter. Amalgamated Bank boosted its position in shares of St. Joe by 2.3% in the 3rd quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 246 shares during the period. Old West Investment Management LLC grew its stake in St. Joe by 68.6% during the 3rd quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock worth $7,427,000 after buying an additional 51,830 shares during the last quarter. Carmel Capital Partners LLC increased its position in St. Joe by 6.3% during the third quarter. Carmel Capital Partners LLC now owns 8,141 shares of the financial services provider’s stock worth $475,000 after buying an additional 480 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in St. Joe in the third quarter valued at approximately $1,237,000. 86.67% of the stock is currently 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.