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

GSA Capital Partners LLP decreased its position in shares of IDT Co. (NYSE:IDT) by 39.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 16,284 shares of the utilities provider’s stock after selling 10,528 shares during the quarter. GSA Capital Partners LLP’s holdings in IDT were worth $622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP bought a new stake in IDT during the third quarter worth about $213,000. Summit Global Investments acquired a new position in shares of IDT in the third quarter valued at approximately $637,000. Harbor Capital Advisors Inc. increased its stake in shares of IDT by 50.1% in the third quarter. Harbor Capital Advisors Inc. now owns 11,476 shares of the utilities provider’s stock valued at $438,000 after buying an additional 3,828 shares during the period. Americana Partners LLC increased its stake in shares of IDT by 16.7% in the third quarter. Americana Partners LLC now owns 29,166 shares of the utilities provider’s stock valued at $1,113,000 after buying an additional 4,166 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in shares of IDT in the third quarter valued at approximately $54,000. Institutional investors own 59.34% of the company’s stock.

Insider Buying and Selling at IDT

In other news, COO Bill Pereira sold 29,175 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the completion of the sale, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $1,889,600. This trade represents a 42.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joyce J. Mason sold 2,094 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $46.18, for a total transaction of $96,700.92. Following the sale, the executive vice president now directly owns 21,878 shares of the company’s stock, valued at approximately $1,010,326.04. This trade represents a 8.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,582 shares of company stock valued at $1,632,568. 25.32% of the stock is currently owned by company insiders.

IDT Price Performance

IDT stock opened at $49.89 on Tuesday. The company has a market capitalization of $1.26 billion, a P/E ratio of 19.44 and a beta of 0.77. The business has a 50 day moving average of $43.56 and a 200-day moving average of $39.60. IDT Co. has a 1 year low of $27.09 and a 1 year high of $52.35.

IDT (NYSE:IDT) last released its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. The business had revenue of $308.83 million during the quarter. IDT had a net margin of 5.35% and a return on equity of 19.44%.

IDT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Monday, September 30th. IDT’s dividend payout ratio is presently 7.87%.

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.