The St. Joe Company (NYSE:JOE) Major Shareholder Sells $4,251,200.00 in Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 80,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $53.14, for a total value of $4,251,200.00. Following the completion of the transaction, the insider now owns 17,797,824 shares in the company, valued at approximately $945,776,367.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

St. Joe Price Performance

Shares of JOE opened at $52.08 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average is $58.06 and its 200 day moving average is $57.37. The St. Joe Company has a 12-month low of $45.99 and a 12-month high of $64.69. The stock has a market cap of $3.04 billion, a P/E ratio of 44.14 and a beta of 1.26.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, November 7th. St. Joe’s dividend payout ratio is 47.46%.

Hedge Funds Weigh In On St. Joe

A number of hedge funds have recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in St. Joe by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 9,805 shares of the financial services provider’s stock worth $536,000 after acquiring an additional 180 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in St. Joe by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 31,348 shares of the financial services provider’s stock worth $1,715,000 after acquiring an additional 185 shares during the last quarter. Amalgamated Bank boosted its holdings in St. Joe by 2.3% during the 3rd quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 246 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in St. Joe by 4.4% during the 2nd quarter. Hsbc Holdings PLC now owns 6,478 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 274 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in St. Joe by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 101,188 shares of the financial services provider’s stock worth $5,535,000 after acquiring an additional 288 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

About St. Joe

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.