Insider Selling: The St. Joe Company (NYSE:JOE) Director Sells 28,100 Shares of Stock

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 28,100 shares of St. Joe stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the transaction, the director now directly owns 18,172,524 shares in the company, valued at $1,144,505,561.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

St. Joe Stock Down 0.4 %

JOE stock traded down $0.26 during trading on Tuesday, hitting $62.36. 201,537 shares of the company’s stock traded hands, compared to its average volume of 179,426. The firm has a market capitalization of $3.64 billion, a P/E ratio of 44.54 and a beta of 1.27. The business has a fifty day simple moving average of $56.36 and a two-hundred day simple moving average of $56.06. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.87. The St. Joe Company has a 1 year low of $45.93 and a 1 year high of $65.15.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%. The company had revenue of $111.60 million for the quarter.

St. Joe Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a $0.14 dividend. This is a positive change from St. Joe’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, August 9th. St. Joe’s payout ratio is currently 34.29%.

Hedge Funds Weigh In On St. Joe

Institutional investors and hedge funds have recently bought and sold shares of the company. Yousif Capital Management LLC lifted its stake in shares of St. Joe by 1.0% during the fourth quarter. Yousif Capital Management LLC now owns 19,532 shares of the financial services provider’s stock worth $1,175,000 after buying an additional 197 shares during the period. Lumbard & Kellner LLC lifted its position in St. Joe by 2.0% during the fourth quarter. Lumbard & Kellner LLC now owns 10,161 shares of the financial services provider’s stock valued at $611,000 after purchasing an additional 200 shares during the period. Wealthcare Advisory Partners LLC lifted its position in St. Joe by 4.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,259 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 220 shares during the period. Raymond James & Associates lifted its position in St. Joe by 0.9% during the fourth quarter. Raymond James & Associates now owns 31,827 shares of the financial services provider’s stock valued at $1,915,000 after purchasing an additional 296 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in St. Joe by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 300 shares during the period. 86.67% of the stock is 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.