IDT Co. (NYSE:IDT) CAO Mitch Silberman Sells 2,115 Shares

IDT Co. (NYSE:IDTGet Free Report) CAO Mitch Silberman sold 2,115 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $38.01, for a total value of $80,391.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

IDT Trading Down 0.2 %

IDT stock opened at $37.81 on Friday. The stock has a market capitalization of $959.92 million, a P/E ratio of 26.08 and a beta of 0.98. The firm has a 50-day moving average price of $36.42 and a 200-day moving average price of $31.64. IDT Co. has a 12 month low of $21.64 and a 12 month high of $38.68.

IDT (NYSE:IDTGet Free Report) last posted its earnings results on Wednesday, March 6th. The utilities provider reported $0.59 earnings per share for the quarter. IDT had a net margin of 3.08% and a return on equity of 20.18%. The firm had revenue of $296.10 million for the quarter.

IDT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, March 18th. IDT’s payout ratio is 13.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised IDT from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

Get Our Latest Report on IDT

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IDT. Alliancebernstein L.P. increased its position in IDT by 1.8% in the 4th quarter. Alliancebernstein L.P. now owns 20,250 shares of the utilities provider’s stock valued at $570,000 after acquiring an additional 350 shares during the period. American International Group Inc. increased its holdings in IDT by 5.1% in the fourth quarter. American International Group Inc. now owns 7,339 shares of the utilities provider’s stock valued at $207,000 after purchasing an additional 354 shares during the period. Bank of America Corp DE raised its position in IDT by 1.7% during the 1st quarter. Bank of America Corp DE now owns 26,255 shares of the utilities provider’s stock worth $895,000 after purchasing an additional 444 shares during the last quarter. Captrust Financial Advisors lifted its holdings in IDT by 58.3% during the 2nd quarter. Captrust Financial Advisors now owns 1,385 shares of the utilities provider’s stock worth $35,000 after buying an additional 510 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of IDT by 81.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,204 shares of the utilities provider’s stock valued at $31,000 after buying an additional 539 shares during the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

IDT Company Profile

(Get Free Report)

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.

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