Alta Fox Capital Management LLC Has $4.70 Million Position in IDT Co. (NYSE:IDT)

Alta Fox Capital Management LLC decreased its position in shares of IDT Co. (NYSE:IDT - Free Report) by 68.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,935 shares of the utilities provider's stock after selling 210,154 shares during the period. IDT accounts for approximately 1.7% of Alta Fox Capital Management LLC's portfolio, making the stock its 12th biggest position. Alta Fox Capital Management LLC owned about 0.39% of IDT worth $4,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IDT. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in IDT by 35.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock worth $116,000 after purchasing an additional 632 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of IDT during the 4th quarter worth about $129,000. New Age Alpha Advisors LLC acquired a new position in shares of IDT during the 4th quarter valued at about $134,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of IDT in the 4th quarter valued at approximately $200,000. Finally, Raymond James Financial Inc. acquired a new stake in IDT in the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 59.34% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of IDT from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

Insider Transactions at IDT

In other IDT news, CTO David Wartell sold 10,735 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total value of $525,907.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 25.32% of the company's stock.

IDT Stock Up 1.8 %

IDT stock traded up $0.95 during mid-day trading on Thursday, reaching $53.87. 45,947 shares of the stock traded hands, compared to its average volume of 95,185. The business has a 50-day moving average of $49.62 and a two-hundred day moving average of $48.96. The firm has a market capitalization of $1.36 billion, a PE ratio of 18.45 and a beta of 0.69. IDT Co. has a 52 week low of $33.84 and a 52 week high of $58.77.

IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The utilities provider reported $0.81 EPS for the quarter. The company had revenue of $303.35 million for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

IDT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 17th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.45%. This is a positive change from IDT's previous quarterly dividend of $0.05. The ex-dividend date was Monday, March 17th. IDT's dividend payout ratio (DPR) is currently 7.62%.

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.