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

GSA Capital Partners LLP lowered its stake in IDT Co. (NYSE:IDT) by 39.3% during the third quarter, according to the company in its most recent Form 13F filing with the 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 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of IDT in the third quarter worth $54,000. CWM LLC increased its holdings in IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after buying an additional 624 shares during the last quarter. Point72 Asset Management L.P. increased its holdings 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 worth $129,000 after buying an additional 2,300 shares during the last quarter. XTX Topco Ltd acquired a new position in IDT during the second quarter worth $203,000. Finally, Versor Investments LP acquired a new position in IDT during the third quarter worth $213,000. Institutional investors own 59.34% of the company’s stock.

Insider Buying and Selling at IDT

In other news, EVP Joyce J. Mason sold 2,290 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $47.18, for a total value of $108,042.20. Following the completion of the sale, the executive vice president now owns 37,113 shares of the company’s stock, valued at approximately $1,750,991.34. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Marcelo Fischer sold 600 shares of the business’s stock in a transaction dated 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 directly owns 37,573 shares of the company’s stock, valued at approximately $1,824,920.61. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,582 shares of company stock worth $1,632,568 over the last ninety days. Insiders own 25.32% of the company’s stock.

IDT Trading Up 1.1 %

Shares of IDT opened at $49.89 on Tuesday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 19.44 and a beta of 0.77. IDT Co. has a 1-year low of $27.09 and a 1-year high of $52.35. The company’s fifty day simple moving average is $43.56 and its 200 day simple moving average is $39.60.

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

IDT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a $0.05 dividend. 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 is currently 7.87%.

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.