Insider Selling: The St. Joe Company (NYSE:JOE) Director Sells 2,600 Shares of Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 2,600 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $59.05, for a total value of $153,530.00. Following the sale, the director now directly owns 19,224,624 shares in the company, valued at approximately $1,135,214,047.20. The sale was disclosed in a document filed with the SEC, which is available at this link.

St. Joe Stock Down 0.4 %

Shares of NYSE JOE opened at $56.95 on Thursday. 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 stock has a market capitalization of $3.33 billion, a PE ratio of 40.68 and a beta of 1.30. The stock’s fifty day simple moving average is $55.49 and its two-hundred day simple moving average is $54.54. The St. Joe Company has a 12-month low of $39.68 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. 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 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 given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.84%. St. Joe’s payout ratio is 34.29%.

Institutional Trading of St. Joe

A number of institutional investors have recently made changes to their positions in the business. Capstone Investment Advisors LLC boosted its position in shares of St. Joe by 23.4% in the 1st quarter. Capstone Investment Advisors LLC now owns 5,491 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 1,041 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of St. Joe by 14.2% in the 1st quarter. BNP Paribas Financial Markets now owns 30,798 shares of the financial services provider’s stock worth $1,785,000 after purchasing an additional 3,840 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of St. Joe by 54.9% in the 1st quarter. Private Advisor Group LLC now owns 6,403 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 2,269 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of St. Joe by 5.9% in the 1st quarter. Principal Financial Group Inc. now owns 196,017 shares of the financial services provider’s stock worth $11,363,000 after purchasing an additional 10,943 shares in the last quarter. Finally, Carmel Capital Partners LLC boosted its position in shares of St. Joe by 9.5% in the 1st quarter. Carmel Capital Partners LLC now owns 7,357 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 637 shares in the last quarter. Institutional investors and hedge funds 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.