Mraz Amerine & Associates Inc. Sells 433 Shares of IDT Co. (NYSE:IDT)

Mraz Amerine & Associates Inc. lessened its position in IDT Co. (NYSE:IDT) by 6.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,504 shares of the utilities provider’s stock after selling 433 shares during the period. Mraz Amerine & Associates Inc.’s holdings in IDT were worth $248,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its position in shares of IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock valued at $65,000 after buying an additional 624 shares during the period. Point72 Asset Management L.P. grew its position in IDT by 176.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock valued at $129,000 after acquiring an additional 2,300 shares during the last quarter. XTX Topco Ltd purchased a new stake in IDT in the second quarter worth $203,000. Principal Financial Group Inc. bought a new stake in shares of IDT during the first quarter worth $254,000. Finally, SG Americas Securities LLC bought a new position in shares of IDT in the third quarter worth about $265,000. 59.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Marcelo Fischer sold 600 shares of the company’s stock in a transaction on Monday, October 14th. The stock was 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 in the company, valued at $1,824,920.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Marcelo Fischer sold 600 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 37,573 shares in the company, valued at $1,824,920.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Bill Pereira sold 29,175 shares of the 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 sale, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at $1,889,600. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,582 shares of company stock valued at $1,632,568 over the last 90 days. Corporate insiders own 15.00% of the company’s stock.

IDT Price Performance

IDT stock opened at $46.66 on Friday. IDT Co. has a 1-year low of $27.09 and a 1-year high of $49.60. The company has a market capitalization of $1.18 billion, a P/E ratio of 33.33 and a beta of 0.78. The business has a 50-day moving average price of $40.14 and a 200 day moving average price of $38.23.

IDT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, September 30th. IDT’s payout ratio is 14.29%.

Analyst Ratings Changes

Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 19th.

About IDT

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.