Bruce R. Berkowitz Sells 57,000 Shares of The St. Joe Company (NYSE:JOE) Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 57,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $58.26, for a total transaction of $3,320,820.00. Following the sale, the director now directly owns 19,167,624 shares in the company, valued at $1,116,705,774.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

St. Joe Trading Down 1.2 %

Shares of JOE traded down $0.71 on Tuesday, hitting $58.14. 504,068 shares of the stock traded hands, compared to its average volume of 185,029. The St. Joe Company has a 1 year low of $41.25 and a 1 year high of $65.99. The stock’s 50 day moving average is $55.73 and its two-hundred day moving average is $54.75. The firm has a market capitalization of $3.40 billion, a P/E ratio of 42.27 and a beta of 1.30. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.89.

St. Joe (NYSE:JOE) last issued its quarterly earnings results 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 company had revenue of $86.70 million for the quarter.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.83%. The ex-dividend date is Tuesday, May 14th. St. Joe’s dividend payout ratio (DPR) is 34.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JOE. Raymond James & Associates grew its position in 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 acquiring an additional 252 shares during the period. Chicago Partners Investment Group LLC grew its holdings in St. Joe by 20.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,056 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 1,681 shares in the last quarter. Viewpoint Capital Management LLC acquired a new stake in St. Joe during the 3rd quarter valued at $272,000. Carmel Capital Partners LLC grew its holdings in St. Joe by 58.8% during the 3rd quarter. Carmel Capital Partners LLC now owns 5,458 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Byrne Asset Management LLC grew its holdings in St. Joe by 30.1% during the 3rd quarter. Byrne Asset Management LLC now owns 4,060 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 940 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

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.