6,016 Shares in IDT Co. (NYSE:IDT) Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new position in IDT Co. (NYSE:IDT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,016 shares of the utilities provider's stock, valued at approximately $286,000.

A number of other hedge funds also recently bought and sold shares of the business. Bank of Montreal Can increased its holdings in shares of IDT by 19.9% in the 2nd quarter. Bank of Montreal Can now owns 54,307 shares of the utilities provider's stock worth $2,144,000 after buying an additional 9,012 shares during the last quarter. Marshall Wace LLP bought a new stake in IDT during the second quarter worth approximately $976,000. AQR Capital Management LLC raised its position in IDT by 11.9% during the second quarter. AQR Capital Management LLC now owns 29,604 shares of the utilities provider's stock valued at $1,063,000 after purchasing an additional 3,140 shares during the period. Point72 Asset Management L.P. raised its position in IDT by 176.9% during the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider's stock valued at $129,000 after purchasing an additional 2,300 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of IDT in the 3rd quarter worth approximately $265,000. Hedge funds and other institutional investors own 59.34% of the company's stock.

Insider Activity at IDT

In other IDT news, EVP Nadine Shea sold 1,000 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $53.74, for a total value of $53,740.00. Following the completion of the sale, the executive vice president now directly owns 4,775 shares of the company's stock, valued at $256,608.50. The trade was a 17.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David Wartell sold 17,116 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $47.11, for a total transaction of $806,334.76. The disclosure for this sale can be found here. 25.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded IDT from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 1st.

IDT Price Performance

Shares of IDT traded up $0.31 during midday trading on Tuesday, hitting $47.50. The stock had a trading volume of 36,238 shares, compared to its average volume of 66,202. IDT Co. has a 1 year low of $33.84 and a 1 year high of $58.77. The stock's 50 day moving average is $48.62 and its 200 day moving average is $43.99. The firm has a market cap of $1.20 billion, a PE ratio of 16.27 and a beta of 0.80.

IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The utilities provider reported $0.69 earnings per share for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were paid a dividend of $0.05 per share. This represents a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 23rd. IDT's dividend payout ratio is currently 6.85%.

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.