Insider Selling: The St. Joe Company (NYSE:JOE) Major Shareholder Sells 11,000 Shares of Stock

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 11,000 shares of the business’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 sale, the insider now owns 17,785,024 shares in the company, 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 document filed with the SEC, which is available through this link. Major 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 Performance

JOE opened at $51.69 on Friday. The stock has a market cap of $3.02 billion, a PE ratio of 43.81 and a beta of 1.26. 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 $45.99 and a 1 year high of $64.69. The stock’s 50 day simple moving average is $58.06 and its 200-day simple moving average is $57.37.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend yield of 1.08%. The ex-dividend date is Thursday, November 7th. St. Joe’s dividend payout ratio is presently 47.46%.

Institutional Trading of St. Joe

A number of institutional investors and hedge funds have recently modified their holdings of JOE. UniSuper Management Pty Ltd acquired a new stake in St. Joe in the 1st quarter valued at $558,000. Vanguard Group Inc. boosted its stake 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 buying an additional 59,563 shares in the last quarter. Algert Global LLC boosted its stake 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 buying an additional 11,592 shares in the last quarter. Old West Investment Management LLC boosted its stake in St. Joe by 14.1% in the 2nd quarter. Old West Investment Management LLC now owns 75,544 shares of the financial services provider’s stock valued at $4,132,000 after buying an additional 9,362 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in St. Joe by 6.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,707 shares of the financial services provider’s stock valued at $1,187,000 after buying an additional 1,375 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors.

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.