Insider Selling: The St. Joe Company (NYSE:JOE) Major Shareholder Sells 95,700 Shares of Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the completion of the transaction, the insider now directly owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Price Performance

Shares of NYSE JOE traded up $0.20 during midday trading on Friday, reaching $47.20. The company’s stock had a trading volume of 295,507 shares, compared to its average volume of 235,341. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The St. Joe Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.69. The company has a market cap of $2.75 billion, a P/E ratio of 40.00 and a beta of 1.28. The business’s 50 day moving average price is $46.86 and its two-hundred day moving average price is $51.67.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $104.30 million during the quarter.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.19%. St. Joe’s dividend payout ratio (DPR) is presently 44.09%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. US Bancorp DE grew its holdings in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 700 shares in the last quarter. Amalgamated Bank grew its position in shares of St. Joe by 2.3% during the 3rd quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 246 shares during the period. Old West Investment Management LLC increased its stake in shares of St. Joe by 68.6% during the 3rd quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock worth $7,427,000 after purchasing an additional 51,830 shares during the last quarter. Carmel Capital Partners LLC raised its holdings in shares of St. Joe by 6.3% in the 3rd quarter. Carmel Capital Partners LLC now owns 8,141 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 480 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in St. Joe during the third quarter valued at $1,237,000. 86.67% of the stock is 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.