The St. Joe Company (NYSE:JOE) Director Sells $2,157,936.00 in Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 36,600 shares of St. Joe stock in a transaction on Monday, May 6th. The stock was sold at an average price of $58.96, for a total transaction of $2,157,936.00. Following the completion of the sale, the director now owns 19,131,024 shares of the company’s stock, valued at approximately $1,127,965,175.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

St. Joe Stock Up 2.6 %

Shares of NYSE:JOE opened at $59.04 on Friday. The firm has a market cap of $3.45 billion, a PE ratio of 42.17 and a beta of 1.30. The company has a fifty day simple moving average of $56.00 and a 200 day simple moving average of $54.86. 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 $41.99 and a 12-month high of $65.99.

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

St. Joe Announces Dividend

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 issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. St. Joe’s dividend payout ratio is presently 34.29%.

Hedge Funds Weigh In On St. Joe

A number of hedge funds have recently added to or reduced their stakes in JOE. Norges Bank acquired a new position in shares of St. Joe during the fourth quarter valued at $13,952,000. Algert Global LLC boosted its holdings in shares of St. Joe by 120.8% during the third quarter. Algert Global LLC now owns 154,370 shares of the financial services provider’s stock valued at $8,387,000 after acquiring an additional 84,463 shares during the period. Capital Research Global Investors boosted its holdings in shares of St. Joe by 41.0% during the fourth quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock valued at $14,178,000 after acquiring an additional 68,500 shares during the period. Connectus Wealth LLC acquired a new position in shares of St. Joe during the fourth quarter valued at $2,411,000. Finally, GSA Capital Partners LLP acquired a new position in shares of St. Joe during the first quarter valued at $2,097,000. 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.