Bruce R. Berkowitz Sells 36,600 Shares of The St. Joe Company (NYSE:JOE) Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 36,600 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $58.96, for a total transaction of $2,157,936.00. Following the sale, the director now directly owns 19,131,024 shares of the company’s stock, valued at $1,127,965,175.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

St. Joe Stock Down 0.9 %

St. Joe stock opened at $57.55 on Thursday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 41.11 and a beta of 1.30. The firm has a fifty day moving average price of $55.90 and a two-hundred day moving average price of $54.83. The St. Joe Company has a fifty-two week low of $41.25 and a fifty-two week high of $65.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.47 and a quick ratio of 1.47.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. The firm had revenue of $86.70 million during the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%.

St. Joe Dividend Announcement

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

Hedge Funds Weigh In On St. Joe

A number of institutional investors and hedge funds have recently bought and sold shares of JOE. ProShare Advisors LLC grew its position in St. Joe by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 6,970 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 475 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of St. Joe during the first quarter valued at about $300,000. Illinois Municipal Retirement Fund lifted its stake in shares of St. Joe by 3.5% in the first quarter. Illinois Municipal Retirement Fund now owns 21,101 shares of the financial services provider’s stock valued at $1,223,000 after buying an additional 722 shares during the period. Meixler Investment Management Ltd. grew its position in St. Joe by 53.6% during the first quarter. Meixler Investment Management Ltd. now owns 19,040 shares of the financial services provider’s stock worth $1,104,000 after buying an additional 6,647 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in St. Joe by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 31,163 shares of the financial services provider’s stock valued at $1,807,000 after acquiring an additional 417 shares during the period. Institutional investors 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.