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 company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $3,320,820.00. Following the completion of the transaction, the director now owns 19,167,624 shares of the company’s stock, valued at approximately $1,116,705,774.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

St. Joe Trading Down 0.9 %

JOE opened at $57.55 on Thursday. The firm’s fifty day simple moving average is $55.90 and its 200 day simple moving average is $54.83. The stock has a market capitalization of $3.36 billion, a P/E ratio of 41.11 and a beta of 1.30. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The St. Joe Company has a 12 month low of $41.25 and a 12 month high of $65.99.

St. Joe (NYSE:JOE) last posted its quarterly earnings data 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 during the quarter.

St. Joe Announces Dividend

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

Institutional Trading of St. Joe

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its stake in St. Joe by 1,198.0% in the 3rd quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock valued at $36,000 after buying an additional 611 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of St. Joe in the fourth quarter valued at about $67,000. Selway Asset Management bought a new stake in St. Joe during the third quarter worth about $71,000. Quest Partners LLC acquired a new position in St. Joe during the fourth quarter valued at approximately $162,000. Finally, M&T Bank Corp bought a new position in St. Joe in the fourth quarter valued at approximately $203,000. Institutional investors own 86.67% of the company’s stock.

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.