Bruce R. Berkowitz Sells 15,000 Shares of The St. Joe Company (NYSE:JOE) Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 15,000 shares of St. Joe stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.89, for a total transaction of $763,350.00. Following the completion of the transaction, the insider now owns 17,770,024 shares in the company, valued at approximately $904,316,521.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Stock Down 0.4 %

Shares of NYSE:JOE opened at $53.03 on Friday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 44.94 and a beta of 1.27. The stock’s 50-day moving average price is $57.20 and its 200-day moving average price is $57.22. 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 12-month low of $47.83 and a 12-month high of $64.69.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be paid 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 1.06%. St. Joe’s dividend payout ratio (DPR) is currently 47.46%.

Institutional Trading of St. Joe

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 427 shares during the last quarter. Quest Partners LLC grew its holdings in St. Joe by 72,300.0% in the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 723 shares during the last quarter. Blue Trust Inc. increased 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 acquiring an additional 615 shares during the period. nVerses Capital LLC raised its stake in shares of St. Joe by 100.0% during the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in St. Joe during the 2nd quarter valued at about $63,000. 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.