Insider Selling: The St. Joe Company (NYSE:JOE) Director Sells 36,600 Shares of Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 36,600 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $58.96, for a total value of $2,157,936.00. Following the completion of the sale, the director now directly owns 19,131,024 shares of the company’s stock, valued at approximately $1,127,965,175.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

St. Joe Stock Performance

NYSE JOE opened at $57.55 on Thursday. The firm has a market capitalization of $3.36 billion, a P/E ratio of 41.11 and a beta of 1.30. 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 firm’s fifty day moving average price is $55.90 and its two-hundred day moving average price is $54.83. The St. Joe Company has a 1 year low of $41.25 and a 1 year high of $65.99.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share (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 firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, May 14th. St. Joe’s payout ratio is presently 34.29%.

Institutional Investors Weigh In On St. Joe

A number of large investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its position in shares of St. Joe by 0.8% in the third quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock valued at $1,713,000 after purchasing an additional 252 shares during the period. Chicago Partners Investment Group LLC lifted its position in St. Joe by 20.1% during the third quarter. Chicago Partners Investment Group LLC now owns 10,056 shares of the financial services provider’s stock worth $546,000 after acquiring an additional 1,681 shares during the last quarter. Viewpoint Capital Management LLC acquired a new stake in St. Joe during the third quarter worth approximately $272,000. Carmel Capital Partners LLC boosted its holdings in shares of St. Joe by 58.8% during the third quarter. Carmel Capital Partners LLC now owns 5,458 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 2,022 shares during the period. Finally, Byrne Asset Management LLC grew its position in shares of St. Joe by 30.1% in the third quarter. Byrne Asset Management LLC now owns 4,060 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 940 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

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.