IDT Corporation Class B Common (NYSE:IDT) has been the object of insider buying and selling activity recently. Chairman Howard S. Jonas bought 1,000,000 shares at an average price of $14.93 on Fri the 9th. Jonas now owns $29,244,167 of stock as recorded in a recent Form 4 SEC filing. Howard S. Jonas, Chairman disclosed the purchase of 728,332 shares of IDT stock. The shares were purchased at an average price of $13.73. Jonas now owns $13,163,665 of the stock according to the SEC filing.
Director Eric F. Cosentino let go of 1,200 shares at an average price of $13.14 on Thu the 6th. That brings Cosentino’s holdings to $37,436 as reported to the SEC.
IDT Corporation, launched on December 22, 1995, is a holding company with operations primarily in the telecommunications and payment industries. The Business’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Business’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination. The Business’s Consumer Phone Services segment provides consumer local and long distance services in certain states of the United States. The Telecom Platform Services and Consumer Phone Services segments comprise the Business’s IDT Telecom division. The All Other segment includes its real estate holdings and other smaller businesses..
Here are a few additional firms who have increased or decreased their stake in (IDT). Morgan Stanley grew its investment by buying 44 shares an increase of 13.3% as of 03/31/2017. Morgan Stanley currently owns 376 shares with a value of $5,000. The value of the position overall is down by 16.7%. Tower Research Capital LLC (trc) cut its holdings by selling 2,019 shares a decrease of 95.3%. Tower Research Capital LLC (trc) now holds 100 shares worth $1,000. The total value of its holdings decreased 96.7%.
As of the end of the quarter Goldman Sachs Group Inc had disposed of a total of 88 shares trimming its stake by 0.7%. The value of the company’s investment in IDT Corporation Class B Common went from $224,000 to $152,000 a change of 32.1% quarter over quarter. State Street Corp expanded its ownership by buying 15,853 shares an increase of 4.6% in the quarter. State Street Corp now controls 356,838 shares valued at $4,540,000. The total value of its holdings decreased 28.2%.
The company is so far trading up by 4.05 percent from yesterday’s close. Additionally IDT Corporation Class B Common recently announced a dividend that will be paid on Fri Jun 30, 2017. The dividend payment will be $0.190 per share for the quarter or $0.76 on an annualized basis. The dividend yield will be $5.23. The ex-dividend date will be on Wednesday March 15th, 2017.
Shares of the company are trading at $15.14 which is marginally lower than $16.08, the 50 day moving average and which is just a bit below the 200 day moving average of $17.27. The 50 day moving average was down by -5.65% and the 200 day average went down $-2.10 or -12.15%.
IDT Corporation Class B Common ‘s P/E ratio is 12.05 and the market cap of the company is 361.44M.