Bruce R. Berkowitz Sells 1,500 Shares of The St. Joe Company (NYSE:JOE) Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 1,500 shares of St. Joe stock in a transaction on Friday, April 26th. The stock was sold at an average price of $59.19, for a total transaction of $88,785.00. Following the sale, the director now owns 19,227,224 shares in the company, valued at $1,138,059,388.56. The sale was disclosed in a document filed with the SEC, which is available through this link.

St. Joe Price Performance

Shares of NYSE:JOE opened at $56.95 on Thursday. The company’s fifty day moving average price is $55.49 and its 200 day moving average price is $54.54. The St. Joe Company has a 12 month low of $39.68 and a 12 month 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. The firm has a market capitalization of $3.33 billion, a P/E ratio of 40.68 and a beta of 1.30.

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

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.84%. St. Joe’s dividend payout ratio is presently 34.29%.

Institutional Trading of St. Joe

Several hedge funds and other institutional investors have recently made changes to their positions in JOE. SG Americas Securities LLC boosted its holdings in shares of St. Joe by 277.4% in the third quarter. SG Americas Securities LLC now owns 24,774 shares of the financial services provider’s stock valued at $1,346,000 after acquiring an additional 18,209 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of St. Joe by 27.1% in the third quarter. Handelsbanken Fonder AB now owns 9,374 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 2,000 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of St. Joe by 0.8% in 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 in the last quarter. Stonegate Investment Group LLC boosted its holdings in shares of St. Joe by 1.2% in the third quarter. Stonegate Investment Group LLC now owns 16,724 shares of the financial services provider’s stock valued at $909,000 after acquiring an additional 206 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of St. Joe by 20.1% in the third quarter. Chicago Partners Investment Group LLC now owns 10,056 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 1,681 shares in the last quarter. Hedge funds and other 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.