Insider Selling: IDT Co. (NYSE:IDT) EVP Sells $53,740.00 in Stock

IDT Co. (NYSE:IDT) EVP Nadine Shea sold 1,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.74, for a total value of $53,740.00. Following the transaction, the executive vice president now owns 4,775 shares in the company, valued at approximately $256,608.50. This trade represents a 17.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

IDT Price Performance

NYSE IDT opened at $50.56 on Friday. The company has a fifty day moving average price of $48.59 and a 200-day moving average price of $41.18. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 17.32 and a beta of 0.78. IDT Co. has a 1 year low of $31.20 and a 1 year high of $58.77.

IDT (NYSE:IDT) last issued its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $308.83 million during the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s payout ratio is 6.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System purchased a new position in IDT in the third quarter valued at about $54,000. CWM LLC lifted its stake in IDT by 53.2% in the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 624 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in IDT by 176.9% during the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 2,300 shares during the period. Versor Investments LP purchased a new stake in IDT in the third quarter worth $213,000. Finally, XTX Topco Ltd bought a new stake in shares of IDT in the second quarter valued at $203,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

IDT Company Profile

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.