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

IDT Co. (NYSE:IDT - Get Free Report) CAO Mitch Silberman sold 2,115 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The shares were 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 Securities & Exchange Commission, which is available at this link.

IDT Stock Down 0.2 %

NYSE:IDT traded down $0.06 during mid-day trading on Thursday, reaching $37.81. 64,688 shares of the company were exchanged, compared to its average volume of 75,410. IDT Co. has a 12 month low of $21.64 and a 12 month high of $38.68. The stock has a market cap of $960.00 million, a PE ratio of 26.08 and a beta of 0.98. The company has a fifty day moving average of $36.32 and a 200 day moving average of $31.54.

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 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, March 18th. IDT's dividend payout ratio (DPR) is presently 13.79%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IDT. New York State Teachers Retirement System acquired a new position in IDT during the third quarter valued at approximately $30,000. Tower Research Capital LLC TRC grew its holdings 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 period. Captrust Financial Advisors increased its position in shares of IDT by 58.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,385 shares of the utilities provider's stock valued at $35,000 after buying an additional 510 shares in the last quarter. Point72 Middle East FZE acquired a new stake in IDT during the 2nd quarter worth $51,000. Finally, DekaBank Deutsche Girozentrale bought a new position in IDT during the third quarter worth about $75,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.