The St. Joe Company (NYSE:JOE) Major Shareholder Bruce R. Berkowitz Sells 41,100 Shares of Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 41,100 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total value of $1,934,166.00. Following the sale, the insider now directly owns 17,310,124 shares in the company, valued at approximately $814,614,435.44. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Stock Performance

JOE stock opened at $47.20 on Friday. The firm has a market cap of $2.75 billion, a P/E ratio of 40.00 and a beta of 1.30. The stock’s 50 day simple moving average is $46.86 and its 200 day simple moving average is $51.67. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 12-month low of $42.94 and a 12-month high of $64.69.

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

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.19%. St. Joe’s payout ratio is currently 44.09%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after buying an additional 430 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of St. Joe in the third quarter worth $35,000. Lazard Asset Management LLC bought a new position in shares of St. Joe in the fourth quarter worth $38,000. US Bancorp DE grew its stake 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 worth $66,000 after purchasing an additional 700 shares in the last quarter. Finally, Campbell Capital Management Inc. bought a new position in shares of St. Joe in the fourth quarter worth $67,000. 86.67% of the stock is currently owned by 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.