GSA Capital Partners LLP Sells 10,528 Shares of IDT Co. (NYSE:IDT)

GSA Capital Partners LLP trimmed its holdings in IDT Co. (NYSE:IDT - Free Report) by 39.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,284 shares of the utilities provider's stock after selling 10,528 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of IDT worth $622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Versor Investments LP acquired a new stake in IDT during the third quarter worth approximately $213,000. Summit Global Investments acquired a new position in IDT in the third quarter valued at $637,000. Harbor Capital Advisors Inc. raised its holdings in shares of IDT by 50.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,476 shares of the utilities provider's stock worth $438,000 after purchasing an additional 3,828 shares during the period. Americana Partners LLC boosted its holdings in IDT by 16.7% in the 3rd quarter. Americana Partners LLC now owns 29,166 shares of the utilities provider's stock worth $1,113,000 after acquiring an additional 4,166 shares during the period. Finally, New York State Teachers Retirement System bought a new position in IDT during the 3rd quarter valued at $54,000. 59.34% of the stock is owned by institutional investors and hedge funds.

IDT Trading Up 0.1 %

NYSE IDT traded up $0.07 during trading hours on Tuesday, reaching $49.99. The company's stock had a trading volume of 91,222 shares, compared to its average volume of 84,351. IDT Co. has a 52 week low of $27.09 and a 52 week high of $52.35. The stock has a market cap of $1.26 billion, a PE ratio of 19.64 and a beta of 0.77. The business has a 50-day simple moving average of $43.81 and a 200 day simple moving average of $39.69.

IDT (NYSE:IDT - Get Free Report) last released 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 5.35% and a return on equity of 19.44%. The business had revenue of $308.83 million for the quarter.

IDT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given 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 0.40%. IDT's dividend payout ratio (DPR) is currently 7.87%.

Insider Activity

In related news, CFO Marcelo Fischer sold 600 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $48.57, for a total value of $29,142.00. Following the completion of the transaction, the chief financial officer now directly owns 37,573 shares of the company's stock, valued at approximately $1,824,920.61. This trade represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bill Pereira sold 29,175 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $47.24, for a total value of $1,378,227.00. Following the sale, the chief operating officer now owns 40,000 shares of the company's stock, valued at approximately $1,889,600. This represents a 42.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,582 shares of company stock worth $1,632,568. Company insiders own 25.32% of the company's stock.

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.