Nationwide Fund Advisors boosted its holdings in IDT Corporation (NYSE:IDT) by 20.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,969 shares of the utilities provider’s stock after acquiring an additional 10,193 shares during the period. Nationwide Fund Advisors owned 0.26% of IDT Corporation worth $862,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. acquired a new stake in IDT Corporation in the 2nd quarter valued at about $227,000. Seizert Capital Partners LLC boosted its stake in shares of IDT Corporation by 68.7% during the 2nd quarter. Seizert Capital Partners LLC now owns 168,864 shares of the utilities provider’s stock worth $2,427,000 after purchasing an additional 68,771 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of IDT Corporation in the second quarter worth approximately $2,115,000. Finally, Foundry Partners LLC acquired a new stake in shares of IDT Corporation in the second quarter worth approximately $3,362,000. 51.33% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on IDT shares. BidaskClub cut shares of IDT Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. TheStreet lowered shares of IDT Corporation from a “b-” rating to a “c” rating in a report on Tuesday, October 3rd.
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IDT Corporation (NYSE:IDT) traded down $0.07 on Friday, hitting $12.99. 68,500 shares of the stock were exchanged, compared to its average volume of 192,777. IDT Corporation has a 12 month low of $12.03 and a 12 month high of $23.13. The stock has a market capitalization of $324.42, a price-to-earnings ratio of 14.04 and a beta of 1.11.
The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Monday, October 16th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Friday, October 13th. IDT Corporation’s payout ratio is currently 200.01%.
IDT Corporation Profile
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
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