Insider Selling: St. Joe (NYSE:JOE) Major Shareholder Sells 25,000 Shares of Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $65.33, for a total value of $1,633,250.00. Following the completion of the sale, the insider directly owned 15,695,824 shares of the company’s stock, valued at approximately $1,025,408,181.92. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Stock Performance

Shares of JOE traded down $0.65 during mid-day trading on Thursday, reaching $65.05. 277,887 shares of the company’s stock were exchanged, compared to its average volume of 269,816. The business’s fifty day simple moving average is $67.55 and its 200-day simple moving average is $63.64. The stock has a market capitalization of $3.73 billion, a PE ratio of 33.53 and a beta of 1.31. St. Joe Company has a 52-week low of $42.65 and a 52-week high of $73.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.24 EPS for the quarter. The firm had revenue of $99.04 million during the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, June 9th. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe’s dividend payout ratio is 32.99%.

Institutional Investors Weigh In On St. Joe

Several hedge funds have recently modified their holdings of the stock. Camelot Portfolios LLC purchased a new position in St. Joe in the 4th quarter valued at $30,000. Kestra Advisory Services LLC acquired a new stake in shares of St. Joe in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 397 shares during the period. Quarry LP purchased a new stake in shares of St. Joe in the third quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of St. Joe by 31.8% in the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 236 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

About St. Joe

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.