Short Interest in IDT Co. (NYSE:IDT) Increases By 6.7%

IDT Co. (NYSE:IDT) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 273,100 shares, a growth of 6.7% from the November 15th total of 256,000 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 105,000 shares, the days-to-cover ratio is presently 2.6 days.

Insider Buying and Selling

In other news, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $48.57, for a total transaction of $29,142.00. Following the completion of the sale, the chief financial officer now directly owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This trade represents a 1.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nadine Shea sold 1,000 shares of the company’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 sale, the executive vice president now directly owns 4,775 shares of the company’s stock, valued at approximately $256,608.50. This represents a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,582 shares of company stock valued at $1,686,308 in the last three months. 25.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cerity Partners LLC boosted its stake in IDT by 121.7% in the third quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock valued at $3,653,000 after acquiring an additional 52,532 shares during the last quarter. Renaissance Technologies LLC increased its holdings in IDT by 2.7% in the second quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider’s stock valued at $39,749,000 after purchasing an additional 29,100 shares during the last quarter. Marshall Wace LLP acquired a new position in IDT in the second quarter valued at about $976,000. Geode Capital Management LLC grew its position in shares of IDT by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock worth $16,077,000 after buying an additional 25,541 shares during the period. Finally, Americana Partners LLC bought a new stake in shares of IDT in the 2nd quarter valued at about $898,000. 59.34% of the stock is owned by institutional investors and hedge funds.

IDT Trading Up 0.0 %

NYSE:IDT traded up $0.01 during trading hours on Tuesday, hitting $49.56. 87,277 shares of the company traded hands, compared to its average volume of 85,803. The firm has a 50-day moving average of $49.28 and a 200 day moving average of $41.40. IDT has a twelve month low of $32.08 and a twelve month high of $58.77. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 16.97 and a beta of 0.78.

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

IDT Announces Dividend

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

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.