Insider Selling: The St. Joe Company (NYSE:JOE) Director Sells $3,815,375.00 in Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 65,500 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $58.25, for a total transaction of $3,815,375.00. Following the completion of the sale, the director now owns 18,288,924 shares of the company’s stock, valued at approximately $1,065,329,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

St. Joe Price Performance

Shares of NYSE JOE opened at $56.24 on Friday. The stock’s 50 day moving average price is $57.02 and its 200-day moving average price is $55.61. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.89. The St. Joe Company has a twelve month low of $44.13 and a twelve month high of $65.99. The company has a market capitalization of $3.28 billion, a PE ratio of 40.17 and a beta of 1.30.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%. The firm had revenue of $87.80 million for the quarter.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders 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 dividend on an annualized basis and a yield of 0.85%. St. Joe’s dividend payout ratio is presently 34.29%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JOE. Signaturefd LLC boosted its holdings in shares of St. Joe by 1,198.0% in the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 611 shares during the period. GAMMA Investing LLC purchased a new stake in shares of St. Joe in the fourth quarter worth about $67,000. Quest Partners LLC bought a new position in shares of St. Joe in the fourth quarter valued at approximately $162,000. M&T Bank Corp purchased a new position in St. Joe during the fourth quarter valued at approximately $203,000. Finally, Advisory Services Network LLC bought a new stake in St. Joe during the 4th quarter worth approximately $203,000. 86.67% of the stock is currently owned by hedge funds and other 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.