Dynamic Technology Lab Private Ltd raised its holdings in IDT Co. (NYSE:IDT) by 185.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,519 shares of the utilities provider’s stock after acquiring an additional 77,625 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.48% of IDT worth $672,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in shares of IDT by 97.0% during the 4th quarter. Deutsche Bank AG now owns 44,556 shares of the utilities provider’s stock worth $470,000 after buying an additional 21,942 shares during the last quarter. BlackRock Inc. raised its stake in shares of IDT by 4.4% during the 1st quarter. BlackRock Inc. now owns 1,290,701 shares of the utilities provider’s stock worth $8,093,000 after buying an additional 54,973 shares during the last quarter. Matarin Capital Management LLC acquired a new position in shares of IDT during the 1st quarter worth $255,000. California Public Employees Retirement System raised its stake in shares of IDT by 34.1% during the 1st quarter. California Public Employees Retirement System now owns 42,994 shares of the utilities provider’s stock worth $270,000 after buying an additional 10,927 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of IDT by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,501 shares of the utilities provider’s stock worth $9,910,000 after buying an additional 21,978 shares during the last quarter. 41.91% of the stock is owned by institutional investors.
Shares of NYSE:IDT traded down $0.04 during midday trading on Friday, hitting $5.32. 78,379 shares of the stock were exchanged, compared to its average volume of 225,383. IDT Co. has a twelve month low of $4.82 and a twelve month high of $16.48.
In other news, Director Judah Schorr purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, July 18th. The stock was acquired at an average price of $5.45 per share, with a total value of $109,000.00. Following the purchase, the director now directly owns 107,620 shares of the company’s stock, valued at approximately $586,529. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.50% of the company’s stock.
IDT Corporation, through its subsidiaries, operates primarily in the telecommunications and payment industries in the United States and internationally. It operates in three segments: Telecom Platform Services, Unified Communications as a Service, and Consumer Phone Services. The Telecom Platform Services segment offers retail telecommunication products, including international long-distance calling products primarily to foreign-born communities; payment offerings, such as international and domestic airtime top-up, and international money transfer services; and wholesale international long distance traffic termination services for tier 1 fixed line and mobile network operators, as well as for other service providers.
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