The St. Joe Company (NYSE:JOE) Director Sells $88,785.00 in Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 1,500 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $59.19, for a total value of $88,785.00. Following the transaction, the director now owns 19,227,224 shares of the company’s stock, valued at $1,138,059,388.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

St. Joe Trading Down 2.4 %

Shares of JOE traded down $1.41 during midday trading on Tuesday, hitting $57.20. 199,520 shares of the stock were exchanged, compared to its average volume of 182,746. The St. Joe Company has a 52-week low of $39.68 and a 52-week high of $65.99. The stock has a fifty day simple moving average of $55.43 and a 200 day simple moving average of $54.49. The firm has a market cap of $3.34 billion, a P/E ratio of 40.86 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $86.70 million for the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, May 14th. St. Joe’s payout ratio is currently 34.29%.

Institutional Trading of St. Joe

Several hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC raised its stake in shares of St. Joe by 1.0% in the fourth quarter. Yousif Capital Management LLC now owns 19,532 shares of the financial services provider’s stock valued at $1,175,000 after acquiring an additional 197 shares in the last quarter. Lumbard & Kellner LLC raised its stake in shares of St. Joe by 2.0% in the fourth quarter. Lumbard & Kellner LLC now owns 10,161 shares of the financial services provider’s stock valued at $611,000 after acquiring an additional 200 shares in the last quarter. Stonegate Investment Group LLC raised its stake in St. Joe by 1.2% in the third quarter. Stonegate Investment Group LLC now owns 16,724 shares of the financial services provider’s stock valued at $909,000 after buying an additional 206 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in St. Joe by 4.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,259 shares of the financial services provider’s stock valued at $316,000 after buying an additional 220 shares in the last quarter. Finally, Raymond James & Associates raised its stake in 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 buying an additional 252 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

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.