IDT Corporation (IDT) Director Acquires $103,740.00 in Stock

IDT Corporation (NYSE:IDT) Director Judah Schorr acquired 7,000 shares of IDT Corporation stock in a transaction dated Thursday, July 13th. The stock was purchased at an average cost of $14.82 per share, with a total value of $103,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Judah Schorr also recently made the following trade(s):

  • On Friday, June 30th, Judah Schorr bought 4,000 shares of IDT Corporation stock. The shares were bought at an average cost of $14.29 per share, with a total value of $57,160.00.
  • On Thursday, June 29th, Judah Schorr bought 6,000 shares of IDT Corporation stock. The stock was purchased at an average price of $14.36 per share, with a total value of $86,160.00.
  • On Thursday, July 6th, Judah Schorr acquired 20,000 shares of IDT Corporation stock. The shares were bought at an average price of $14.32 per share, with a total value of $286,400.00.

IDT Corporation (NYSE:IDT) traded down 0.87% during trading on Friday, hitting $14.83. 108,791 shares of the company traded hands. The firm has a market cap of $368.32 million, a price-to-earnings ratio of 11.78 and a beta of 1.13. IDT Corporation has a 52-week low of $12.03 and a 52-week high of $23.13. The company’s 50-day moving average is $14.82 and its 200 day moving average is $15.74.

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A number of research firms have commented on IDT. BidaskClub raised shares of IDT Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. TheStreet raised shares of IDT Corporation from a “c+” rating to a “b-” rating in a research report on Friday, June 16th.

A number of hedge funds and other institutional investors have recently made changes to their positions in IDT. Foundry Partners LLC purchased a new position in shares of IDT Corporation during the second quarter valued at $3,362,000. Old West Investment Management LLC acquired a new stake in IDT Corporation during the second quarter valued at approximately $2,719,000. Kennedy Capital Management Inc. acquired a new stake in IDT Corporation during the second quarter valued at approximately $2,115,000. Seizert Capital Partners LLC boosted its stake in IDT Corporation by 68.7% in the second quarter. Seizert Capital Partners LLC now owns 168,864 shares of the utilities provider’s stock valued at $2,427,000 after buying an additional 68,771 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in IDT Corporation during the second quarter valued at approximately $227,000. 50.63% of the stock is owned by hedge funds and other institutional investors.

IDT Corporation Company 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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