Entropy Technologies LP Makes New Investment in IDT Corporation $IDT

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 purchased a new stake in IDT Corporation (NYSE:IDT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,124 shares of the utilities provider's stock, valued at approximately $212,000.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of IDT by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,288,634 shares of the utilities provider's stock valued at $66,120,000 after purchasing an additional 22,819 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of IDT by 0.5% during the first 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 period. Geode Capital Management LLC increased its stake in shares of IDT by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 426,442 shares of the utilities provider's stock valued at $20,269,000 after acquiring an additional 5,346 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of IDT by 6.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 351,588 shares of the utilities provider's stock valued at $16,707,000 after acquiring an additional 22,528 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of IDT by 32.4% during the fourth quarter. Deutsche Bank AG now owns 330,616 shares of the utilities provider's stock valued at $15,711,000 after acquiring an additional 80,817 shares during the period. Institutional investors and hedge funds own 59.34% of the company's stock.

IDT Stock Up 0.2%

NYSE:IDT traded up $0.1480 during trading hours on Tuesday, reaching $62.6180. 87,655 shares of the company's stock were exchanged, compared to its average volume of 145,539. The company has a market capitalization of $1.58 billion, a P/E ratio of 16.52 and a beta of 0.74. IDT Corporation has a 12 month low of $35.83 and a 12 month high of $71.12. The business's 50-day simple moving average is $62.57 and its two-hundred day simple moving average is $55.73.

IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The utilities provider reported $0.87 EPS for the quarter. IDT had a net margin of 7.85% and a return on equity of 26.38%. The firm had revenue of $301.98 million during 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 paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. IDT's dividend payout ratio is 6.33%.

Analyst Ratings Changes

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

IDT 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.