IDT Corporation (NYSE:IDT) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, TheStreet upgraded shares of IDT Corporation from a “c+” rating to a “b-” rating in a research report on Friday, June 16th.

Shares of IDT Corporation (NYSE:IDT) traded up 2.17% during mid-day trading on Tuesday, reaching $13.66. 178,179 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $14.80 and a 200-day moving average price of $15.48. The stock has a market cap of $339.26 million, a PE ratio of 10.85 and a beta of 1.13. IDT Corporation has a 12 month low of $12.03 and a 12 month high of $23.13.

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In related news, Chairman Howard S. Jonas acquired 1,000,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was acquired at an average cost of $14.93 per share, for a total transaction of $14,930,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Judah Schorr acquired 20,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average price of $14.32 per share, with a total value of $286,400.00. Following the completion of the transaction, the director now owns 69,287 shares in the company, valued at $992,189.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,037,000 shares of company stock valued at $15,463,460. 12.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Old West Investment Management LLC bought a new position in IDT Corporation during the second quarter worth about $2,719,000. Nationwide Fund Advisors boosted its position in IDT Corporation by 20.5% in the second quarter. Nationwide Fund Advisors now owns 59,969 shares of the utilities provider’s stock worth $862,000 after buying an additional 10,193 shares in the last quarter. Ameriprise Financial Inc. bought a new position in IDT Corporation during the second quarter worth about $227,000. Kennedy Capital Management Inc. bought a new position in IDT Corporation during the second quarter worth about $2,115,000. Finally, Seizert Capital Partners LLC boosted its position 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 worth $2,427,000 after buying an additional 68,771 shares in the last quarter. Institutional investors and hedge funds own 51.98% of the company’s stock.

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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