Insider Selling: The St. Joe Company (NYSE:JOE) Director Sells $3,320,820.00 in Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 57,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total transaction of $3,320,820.00. Following the transaction, the director now directly owns 19,167,624 shares of the company’s stock, valued at approximately $1,116,705,774.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

St. Joe Trading Up 2.6 %

St. Joe stock opened at $59.04 on Friday. The business’s 50-day simple moving average is $56.00 and its 200-day simple moving average is $54.86. The St. Joe Company has a 52 week low of $41.99 and a 52 week high of $65.99. The firm has a market capitalization of $3.45 billion, a PE ratio of 42.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47.

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

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be given a $0.12 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.81%. St. Joe’s dividend payout ratio is currently 34.29%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Yousif Capital Management LLC increased its holdings in St. Joe by 1.0% in the 4th quarter. Yousif Capital Management LLC now owns 19,532 shares of the financial services provider’s stock valued at $1,175,000 after buying an additional 197 shares during the period. Lumbard & Kellner LLC increased its stake in St. Joe by 2.0% in the fourth quarter. Lumbard & Kellner LLC now owns 10,161 shares of the financial services provider’s stock valued at $611,000 after acquiring an additional 200 shares during the period. Wealthcare Advisory Partners LLC raised its position in St. Joe by 4.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,259 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 220 shares in the last quarter. Raymond James & Associates lifted its stake in St. Joe by 0.8% during the third quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock worth $1,713,000 after purchasing an additional 252 shares during the period. Finally, Amalgamated Bank boosted its holdings in St. Joe by 2.2% during the third quarter. Amalgamated Bank now owns 15,909 shares of the financial services provider’s stock valued at $864,000 after purchasing an additional 340 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

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.