IDT Co. (NYSE:IDT) Short Interest Up 6.7% in November

IDT Co. (NYSE:IDT) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 273,100 shares, a growth of 6.7% from the November 15th total of 256,000 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 105,000 shares, the short-interest ratio is currently 2.6 days.

Insider Activity

In other IDT news, 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 sale, the chief financial officer now directly owns 37,573 shares of the company’s stock, valued at $1,824,920.61. The trade was a 1.57 % 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 2,290 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $47.18, for a total transaction of $108,042.20. Following the completion of the transaction, the executive vice president now directly owns 37,113 shares of the company’s stock, valued at $1,750,991.34. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,582 shares of company stock worth $1,686,308 in the last 90 days. Corporate insiders own 25.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ritholtz Wealth Management acquired a new position in IDT in the 2nd quarter valued at approximately $537,000. Point72 Asset Management L.P. grew its stake in shares of IDT by 272.1% in the third quarter. Point72 Asset Management L.P. now owns 13,396 shares of the utilities provider’s stock worth $511,000 after purchasing an additional 9,796 shares during the last quarter. Cerity Partners LLC increased its holdings in IDT by 121.7% in the third quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock valued at $3,653,000 after purchasing an additional 52,532 shares during the period. Summit Global Investments bought a new position in IDT during the 3rd quarter worth $637,000. Finally, FMR LLC lifted its holdings in IDT by 26.8% during the 3rd quarter. FMR LLC now owns 83,868 shares of the utilities provider’s stock worth $3,201,000 after buying an additional 17,725 shares during the period. Institutional investors own 59.34% of the company’s stock.

IDT Stock Performance

Shares of IDT stock traded up $0.01 during midday trading on Tuesday, hitting $49.56. 87,277 shares of the company were exchanged, compared to its average volume of 85,803. IDT has a 52 week low of $32.08 and a 52 week high of $58.77. The firm has a market capitalization of $1.25 billion, a P/E ratio of 16.97 and a beta of 0.78. The firm’s 50 day moving average price is $49.28 and its two-hundred day moving average price is $41.40.

IDT (NYSE:IDT) last issued its quarterly earnings data on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The business had revenue of $308.83 million during the quarter.

IDT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a $0.05 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.40%. IDT’s payout ratio is 6.85%.

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.