Nadine Shea Sells 500 Shares of IDT Co. (NYSE:IDT) Stock

IDT Co. (NYSE:IDT) EVP Nadine Shea sold 500 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $36.21, for a total value of $18,105.00. Following the sale, the executive vice president now directly owns 5,775 shares of the company’s stock, valued at $209,112.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

IDT Trading Down 1.6 %

IDT stock opened at $35.75 on Friday. The firm has a market capitalization of $905.91 million, a P/E ratio of 25.54 and a beta of 0.82. IDT Co. has a 1 year low of $21.64 and a 1 year high of $41.58. The business has a 50-day moving average of $37.81 and a 200-day moving average of $36.45.

IDT (NYSE:IDT) last posted its earnings results on Wednesday, June 5th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $299.64 million during the quarter. IDT had a return on equity of 18.56% and a net margin of 2.97%.

IDT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. IDT’s payout ratio is currently 14.29%.

Hedge Funds Weigh In On IDT

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of IDT during the 1st quarter worth about $23,276,000. Orchard Capital Management LLC grew its position in shares of IDT by 5.4% in the 4th quarter. Orchard Capital Management LLC now owns 282,466 shares of the utilities provider’s stock valued at $9,629,000 after purchasing an additional 14,466 shares during the period. Foundry Partners LLC grew its position in shares of IDT by 5.8% in the 4th quarter. Foundry Partners LLC now owns 145,305 shares of the utilities provider’s stock valued at $4,953,000 after purchasing an additional 8,010 shares during the period. Russell Investments Group Ltd. grew its position in shares of IDT by 40.3% in the 1st quarter. Russell Investments Group Ltd. now owns 133,195 shares of the utilities provider’s stock valued at $5,036,000 after purchasing an additional 38,290 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of IDT by 28.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 53,367 shares of the utilities provider’s stock valued at $1,819,000 after purchasing an additional 11,875 shares during the period. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 6th.

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.