Foundry Partners LLC Has $3.85 Million Holdings in IDT Co. (NYSE:IDT)

Foundry Partners LLC reduced its holdings in shares of IDT Co. (NYSE:IDT - Free Report) by 27.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,930 shares of the utilities provider's stock after selling 38,255 shares during the quarter. Foundry Partners LLC owned 0.40% of IDT worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake in shares of IDT by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,606 shares of the utilities provider's stock worth $39,749,000 after buying an additional 29,100 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in IDT by 0.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 589,315 shares of the utilities provider's stock valued at $22,494,000 after purchasing an additional 2,169 shares during the period. Bank of New York Mellon Corp raised its stake in shares of IDT by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 78,361 shares of the utilities provider's stock worth $2,815,000 after buying an additional 5,454 shares during the period. Bank of Montreal Can lifted its position in shares of IDT by 19.9% during the 2nd quarter. Bank of Montreal Can now owns 54,307 shares of the utilities provider's stock valued at $2,144,000 after buying an additional 9,012 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in IDT by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 42,567 shares of the utilities provider's stock worth $1,529,000 after acquiring an additional 3,279 shares in the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at IDT

In other news, COO Bill Pereira sold 29,175 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the sale, the chief operating officer now directly owns 40,000 shares in the company, valued at $1,889,600. This trade represents a 42.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marcelo Fischer sold 600 shares of IDT stock in a transaction that occurred on Monday, October 14th. The shares were 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 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 disclosure for this sale can be found here. Insiders sold 34,582 shares of company stock worth $1,632,568 over the last three months. 25.32% of the stock is owned by corporate insiders.

IDT Price Performance

Shares of NYSE IDT traded up $0.98 during mid-day trading on Friday, reaching $51.20. The company's stock had a trading volume of 78,956 shares, compared to its average volume of 84,150. IDT Co. has a 52 week low of $27.09 and a 52 week high of $52.35. The firm has a market capitalization of $1.29 billion, a PE ratio of 19.77 and a beta of 0.77. The stock has a fifty day moving average of $44.60 and a two-hundred day moving average of $39.91.

IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $308.83 million for the quarter. IDT had a return on equity of 19.44% and a net margin of 5.35%.

IDT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders 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 dividend yield of 0.39%. IDT's dividend payout ratio is currently 7.87%.

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.