Ajo LP Purchases Shares of 50,529 IDT Co. (NYSE:IDT)

Ajo LP bought a new position in shares of IDT Co. (NYSE:IDT) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 50,529 shares of the utilities provider’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IDT. Acadian Asset Management LLC raised its holdings in IDT by 147.9% during the first quarter. Acadian Asset Management LLC now owns 376,408 shares of the utilities provider’s stock worth $2,500,000 after acquiring an additional 224,558 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in IDT by 35.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 772,137 shares of the utilities provider’s stock worth $4,780,000 after acquiring an additional 202,072 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in IDT by 202.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 199,849 shares of the utilities provider’s stock worth $1,237,000 after acquiring an additional 133,673 shares in the last quarter. Alambic Investment Management L.P. raised its holdings in IDT by 149.4% during the fourth quarter. Alambic Investment Management L.P. now owns 208,236 shares of the utilities provider’s stock worth $1,289,000 after acquiring an additional 124,736 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in IDT by 139.2% during the first quarter. Royce & Associates LP now owns 121,701 shares of the utilities provider’s stock worth $808,000 after acquiring an additional 70,822 shares in the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

IDT opened at $8.08 on Thursday. IDT Co. has a 52-week low of $4.82 and a 52-week high of $8.70. The stock has a market cap of $199.48 million, a P/E ratio of 14.24 and a beta of 0.70.

In other IDT news, Director Eric F. Cosentino sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $6.62, for a total value of $26,480.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joyce J. Mason sold 3,606 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $6.94, for a total value of $25,025.64. The disclosure for this sale can be found here. Insiders have sold 11,038 shares of company stock worth $75,221 in the last quarter. 22.50% of the stock is currently owned by corporate insiders.

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IDT Company Profile

IDT Corporation operates primarily in the telecommunications and payment industries in the United States and internationally. The company operates in two segments, Telecom & Payment Services, and net2phone-Unified Communications as a Service. The Telecom & Payment Services Services segment offers retail telecommunication products, including international long-distance calling products primarily to foreign-born communities; wholesale international long distance traffic termination services for tier 1 fixed line and mobile network operators, as well as for other service providers; and payment offerings, such as international and domestic airtime top-up, domestic bill payment, and international money transfer services.

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Institutional Ownership by Quarter for IDT (NYSE:IDT)

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