The St. Joe Company (NYSE:JOE) Major Shareholder Sells $136,329.00 in Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 2,900 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the completion of the sale, the insider now owns 16,940,624 shares of the company’s stock, valued at approximately $796,378,734.24. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Stock Performance

NYSE:JOE opened at $46.79 on Friday. 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 St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69. The stock has a market cap of $2.73 billion, a P/E ratio of 39.66 and a beta of 1.30. The firm’s fifty day simple moving average is $47.10 and its 200 day simple moving average is $50.75.

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

St. Joe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 annualized dividend and a yield of 1.20%. St. Joe’s payout ratio is 44.09%.

Hedge Funds Weigh In On St. Joe

Several large investors have recently made changes to their positions in JOE. Thrivent Financial for Lutherans increased its position in St. Joe by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock valued at $1,738,000 after buying an additional 236 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in St. Joe by 5.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 243 shares in the last quarter. Carmel Capital Partners LLC grew its position in shares of St. Joe by 4.6% during the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 375 shares in the last quarter. KBC Group NV lifted its holdings in shares of St. Joe by 35.8% in the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after buying an additional 391 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 430 shares in the last quarter. 86.67% of the stock is currently 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.