Bruce R. Berkowitz Sells 11,000 Shares of The St. Joe Company (NYSE:JOE) Stock

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

St. Joe Stock Down 0.7 %

Shares of JOE stock opened at $51.69 on Friday. The stock’s 50 day simple moving average is $58.06 and its 200 day simple moving average is $57.37. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The St. Joe Company has a twelve month low of $45.99 and a twelve month high of $64.69. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 43.81 and a beta of 1.26.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, November 7th. St. Joe’s dividend payout ratio is currently 47.46%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JOE. EverSource Wealth Advisors LLC increased its position in St. Joe by 263.6% in 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 during the period. Quest Partners LLC increased its position 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 buying an additional 723 shares during the period. Blue Trust Inc. increased its position in St. Joe by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after buying an additional 615 shares during the period. nVerses Capital LLC increased its position in St. Joe by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after buying an additional 400 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new position in St. Joe in the 2nd quarter worth approximately $63,000. 86.67% of the stock is owned by 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.