Ritholtz Wealth Management increased its position in shares of IDT Co. (NYSE:IDT – Free Report) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,392 shares of the utilities provider’s stock after acquiring an additional 2,921 shares during the quarter. Ritholtz Wealth Management’s holdings in IDT were worth $731,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of IDT. New York State Teachers Retirement System acquired a new position in shares of IDT during the third quarter worth $54,000. Point72 Asset Management L.P. increased its position in shares of IDT by 176.9% during the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 2,300 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of IDT during the fourth quarter worth $200,000. Versor Investments LP acquired a new position in shares of IDT during the third quarter worth $213,000. Finally, XTX Topco Ltd acquired a new position in shares of IDT during the second quarter worth $203,000. 59.34% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at IDT
In other IDT news, CTO David Wartell sold 17,116 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $47.11, for a total value of $806,334.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $53,740.00. Following the completion of the sale, the executive vice president now directly owns 4,775 shares in the company, valued at approximately $256,608.50. The trade was a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.32% of the stock is owned by insiders.
IDT Trading Up 1.0 %
IDT Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were given a $0.05 dividend. This represents a dividend yield of 0.42%. The ex-dividend date was Monday, December 23rd. IDT’s payout ratio is 6.85%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 1st.
Check Out Our Latest Analysis on IDT
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.
Read More
- Five stocks we like better than IDT
- What is the MACD Indicator and How to Use it in Your Trading
- 3 Stocks to Gain From Donald Trump’s External Revenue Service
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence
- 5 discounted opportunities for dividend growth investors
- Momentum Is Building for Qualcomm to Have a Strong Run in 2025
Want to see what other hedge funds are holding IDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDT Co. (NYSE:IDT – Free Report).
Receive News & Ratings for IDT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT and related companies with MarketBeat.com's FREE daily email newsletter.