The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz Sells 65,500 Shares

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 65,500 shares of St. Joe stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $58.25, for a total value of $3,815,375.00. Following the completion of the sale, the director now owns 18,288,924 shares in the company, valued at $1,065,329,823. 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 $55.55 on Friday. The firm has a market cap of $3.24 billion, a P/E ratio of 39.68 and a beta of 1.30. The St. Joe Company has a fifty-two week low of $44.13 and a fifty-two week high of $65.99. The business’s 50 day moving average price is $56.95 and its 200-day moving average price is $55.56. 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, April 24th. The financial services provider reported $0.24 earnings per share for the quarter. The firm had revenue of $87.80 million for the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%.

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 0.86%. 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. Raymond James & Associates boosted its position in shares of St. Joe by 0.8% during the third quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock valued at $1,713,000 after purchasing an additional 252 shares in the last quarter. Signaturefd LLC boosted its position in shares of 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 purchasing an additional 611 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of St. Joe by 103.2% during the third quarter. Victory Capital Management Inc. now owns 30,559 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 15,520 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of St. Joe during the third quarter valued at approximately $1,103,000. Finally, Jump Financial LLC boosted its position in shares of St. Joe by 339.7% during the third quarter. Jump Financial LLC now owns 27,700 shares of the financial services provider’s stock valued at $1,505,000 after purchasing an additional 21,400 shares in the last quarter. 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.