The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz Sells 54,000 Shares

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 54,000 shares of St. Joe stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $63.76, for a total transaction of $3,443,040.00. Following the sale, the director now owns 18,200,624 shares of the company’s stock, valued at $1,160,471,786.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

St. Joe Trading Down 0.4 %

Shares of JOE traded down $0.26 during mid-day trading on Tuesday, reaching $62.36. The company’s stock had a trading volume of 201,537 shares, compared to its average volume of 179,426. The stock has a market cap of $3.64 billion, a PE ratio of 44.54 and a beta of 1.27. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.87. The St. Joe Company has a 52 week low of $45.93 and a 52 week high of $65.15. The company’s fifty day moving average price is $56.36 and its two-hundred day moving average price is $56.06.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter. The firm had revenue of $111.60 million during the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%.

St. Joe Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from St. Joe’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 9th. St. Joe’s payout ratio is presently 34.29%.

Institutional Investors Weigh In On St. Joe

A number of hedge funds have recently made changes to their positions in JOE. EverSource Wealth Advisors LLC lifted its holdings in shares of St. Joe by 263.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 427 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of St. Joe in the second quarter worth $63,000. GAMMA Investing LLC purchased a new position in shares of St. Joe in the fourth quarter worth $67,000. Quest Partners LLC purchased a new position in shares of St. Joe in the fourth quarter worth $162,000. Finally, SG Americas Securities LLC increased its stake in shares of St. Joe by 17.1% in the second quarter. SG Americas Securities LLC now owns 3,417 shares of the financial services provider’s stock worth $187,000 after buying an additional 498 shares during the period. 86.67% of the stock is currently owned by institutional investors.

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.