4,124 Shares in IDT Corporation $IDT Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP has invested approximately $212,000 in IDT Corporation by purchasing 4,124 shares of the company.
• IDT Corporation reported earnings of $0.87 per share for the last quarter, with a revenue of $301.98 million and a net margin of 7.85%.
• The company declared a quarterly dividend of $0.06 per share, representing a 0.4% yield and a dividend payout ratio of 6.33%.

Entropy Technologies LP acquired a new stake in shares of IDT Corporation (NYSE:IDT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,124 shares of the utilities provider's stock, valued at approximately $212,000.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in IDT by 209.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 86,741 shares of the utilities provider's stock valued at $4,451,000 after acquiring an additional 58,727 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in IDT by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 514,043 shares of the utilities provider's stock valued at $26,376,000 after acquiring an additional 2,768 shares during the last quarter. ProShare Advisors LLC bought a new position in IDT during the 4th quarter valued at $206,000. Assenagon Asset Management S.A. bought a new position in IDT during the 1st quarter valued at $1,063,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of IDT by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,775 shares of the utilities provider's stock worth $417,000 after buying an additional 303 shares during the last quarter. 59.34% of the stock is currently owned by institutional investors.

IDT Stock Performance

Shares of IDT stock traded up $0.24 during trading hours on Thursday, reaching $62.26. The company's stock had a trading volume of 91,346 shares, compared to its average volume of 136,604. The company's 50 day simple moving average is $62.41 and its 200 day simple moving average is $55.92. IDT Corporation has a one year low of $36.12 and a one year high of $71.12. The stock has a market cap of $1.57 billion, a P/E ratio of 16.43 and a beta of 0.74.

IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter. IDT had a net margin of 7.85% and a return on equity of 26.38%. The company had revenue of $301.98 million for the quarter.

IDT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. IDT's dividend payout ratio (DPR) is presently 6.33%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of IDT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.

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.