Insider Selling: The St. Joe Company (NYSE:JOE) Major Shareholder Sells 2,900 Shares of Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the transaction, the insider now owns 16,940,624 shares in the company, valued at $796,378,734.24. This represents a 0.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Stock Performance

Shares of JOE stock traded down $0.07 during trading hours on Thursday, hitting $46.79. The stock had a trading volume of 274,807 shares, compared to its average volume of 204,999. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $2.73 billion, a PE ratio of 39.66 and a beta of 1.30. The stock’s 50 day moving average is $47.10 and its 200 day moving average is $50.75. The St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69.

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

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Monday, March 10th. St. Joe’s dividend payout ratio is currently 44.09%.

Institutional Trading of St. Joe

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in shares of St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 430 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in St. Joe in the 3rd quarter valued at $35,000. Lazard Asset Management LLC acquired a new position in St. Joe in the 4th quarter valued at $38,000. Campbell Capital Management Inc. acquired a new position in St. Joe in the 4th quarter valued at $67,000. Finally, KBC Group NV raised its position in St. Joe by 35.8% during the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after buying an additional 391 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

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.