The St. Joe Company (NYSE:JOE) Major Shareholder Bruce R. Berkowitz Sells 95,700 Shares

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 95,700 shares of the business’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 of the company’s stock, valued at $808,526,505.64. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Stock Performance

JOE opened at $47.20 on Friday. The business has a fifty day simple moving average of $46.91 and a 200 day simple moving average of $51.55. The company has a market capitalization of $2.75 billion, a PE ratio of 40.00 and a beta of 1.30. The St. Joe Company has a 1 year low of $42.94 and a 1 year high of $64.69. 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 (NYSE:JOE) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $104.30 million during the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Announces Dividend

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

Institutional Trading of St. Joe

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in shares of St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 430 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of St. Joe during the 3rd quarter valued at $35,000. Lazard Asset Management LLC bought a new stake in shares of St. Joe during the 4th quarter valued at $38,000. US Bancorp DE lifted its position in shares of St. Joe by 163.6% during the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 700 shares during the period. Finally, Campbell Capital Management Inc. acquired a new position in shares of St. Joe during the 4th quarter worth $67,000. 86.67% of the stock is currently owned by 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.