Insider Selling: The St. Joe Company (NYSE:JOE) Director Sells $153,530.00 in Stock

The St. Joe Company (NYSE:JOEGet Free Report) Director Bruce R. Berkowitz sold 2,600 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.05, for a total transaction of $153,530.00. Following the transaction, the director now directly owns 19,224,624 shares in the company, valued at approximately $1,135,214,047.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

St. Joe Trading Up 1.4 %

Shares of JOE stock opened at $57.77 on Friday. The company’s 50-day moving average price is $55.52 and its 200-day moving average price is $54.56. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 41.26 and a beta of 1.29. The St. Joe Company has a twelve month low of $40.36 and a twelve month high of $65.99.

St. Joe (NYSE:JOEGet Free Report) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 EPS for the quarter. The company had revenue of $86.70 million for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, May 14th. St. Joe’s dividend payout ratio (DPR) is presently 34.29%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JOE. Signaturefd LLC boosted its stake in St. Joe by 1,198.0% during the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock worth $36,000 after buying an additional 611 shares during the period. GAMMA Investing LLC purchased a new position in St. Joe during the fourth quarter worth about $67,000. Selway Asset Management purchased a new position in St. Joe during the third quarter worth about $71,000. Quest Partners LLC purchased a new position in St. Joe during the fourth quarter worth about $162,000. Finally, M&T Bank Corp purchased a new position in St. Joe during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for St. Joe (NYSE:JOE)

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