IDT Co. (NYSE:IDT) EVP Nadine Shea Sells 1,000 Shares

IDT Co. (NYSE:IDT) EVP Nadine Shea sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $53.74, for a total transaction of $53,740.00. Following the completion of the transaction, the executive vice president now directly owns 4,775 shares of the company’s stock, valued at approximately $256,608.50. The trade was a 17.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

IDT Trading Down 2.0 %

Shares of NYSE:IDT opened at $52.20 on Wednesday. IDT Co. has a 12 month low of $31.00 and a 12 month high of $58.77. The company has a 50-day moving average price of $47.78 and a 200 day moving average price of $40.96. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 17.88 and a beta of 0.78.

IDT (NYSE:IDT) last announced its quarterly earnings results on Tuesday, October 8th. The utilities provider reported $0.51 EPS for the quarter. IDT had a net margin of 6.10% and a return on equity of 23.09%. The firm had revenue of $308.83 million during the quarter.

IDT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s dividend payout ratio (DPR) is currently 6.85%.

Institutional Trading of IDT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in IDT in the 3rd quarter worth about $54,000. CWM LLC increased its position in shares of IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 624 shares during the period. Point72 Asset Management L.P. increased its position in shares of IDT by 176.9% during the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock worth $129,000 after acquiring an additional 2,300 shares during the period. Versor Investments LP purchased a new position in shares of IDT during the third quarter worth approximately $213,000. Finally, XTX Topco Ltd purchased a new position in shares of IDT during the second quarter worth approximately $203,000. 59.34% of the stock is owned by hedge funds and other institutional investors.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.