Insider Selling: The St. Joe Company (NYSE:JOE) Major Shareholder Sells 15,000 Shares of Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $50.89, for a total value of $763,350.00. Following the completion of the sale, the insider now owns 17,770,024 shares of the company’s stock, valued at approximately $904,316,521.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Stock Performance

JOE stock traded up $1.23 on Wednesday, hitting $53.46. The company’s stock had a trading volume of 675,847 shares, compared to its average volume of 179,755. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 44.98 and a beta of 1.27. The firm has a 50 day moving average of $57.40 and a two-hundred day moving average of $57.28. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 1 year low of $47.83 and a 1 year high of $64.69.

St. Joe Dividend Announcement

The company 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 $0.14 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.05%. St. Joe’s dividend payout ratio (DPR) is 47.46%.

Institutional Trading of St. Joe

Several hedge funds and other institutional investors have recently made changes to their positions in JOE. EverSource Wealth Advisors LLC raised its stake in shares of St. Joe by 263.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after buying an additional 427 shares in the last quarter. Quest Partners LLC raised its stake in shares of St. Joe by 72,300.0% during the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after buying an additional 723 shares during the last quarter. Blue Trust Inc. grew its position in shares of St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 615 shares during the last quarter. nVerses Capital LLC grew its holdings in St. Joe by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after buying an additional 400 shares during the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of St. Joe in the second quarter valued at $63,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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.