The St. Joe Company (NYSE:JOE) Major Shareholder Sells $584,320.00 in Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.12, for a total transaction of $584,320.00. Following the transaction, the insider now owns 17,785,024 shares of the company’s stock, valued at approximately $944,740,474.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

St. Joe Price Performance

JOE stock opened at $50.68 on Friday. The company has a 50 day simple moving average of $57.73 and a 200 day simple moving average of $57.29. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 42.95 and a beta of 1.26. The St. Joe Company has a 1 year low of $47.32 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe’s dividend payout ratio is 47.46%.

Hedge Funds Weigh In On St. Joe

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in St. Joe by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after acquiring an additional 59,563 shares during the period. Dimensional Fund Advisors LP increased its position in St. Joe by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,525,941 shares of the financial services provider’s stock valued at $83,467,000 after acquiring an additional 5,144 shares during the period. Bank of New York Mellon Corp increased its position in St. Joe by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 351,319 shares of the financial services provider’s stock valued at $19,217,000 after acquiring an additional 11,113 shares during the period. Algert Global LLC increased its position in St. Joe by 9.4% in the 2nd quarter. Algert Global LLC now owns 134,851 shares of the financial services provider’s stock valued at $7,376,000 after acquiring an additional 11,592 shares during the period. Finally, Old West Investment Management LLC increased its position in St. Joe by 68.6% in the 3rd quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock valued at $7,427,000 after acquiring an additional 51,830 shares during the period. 86.67% of the stock is currently owned by institutional investors and hedge funds.

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.