ATN International (NASDAQ:ATNI) Major Shareholder Sells $227,850.00 in Stock

ATN International, Inc. (NASDAQ:ATNIGet Free Report) major shareholder Cornelius Prior, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $32.55, for a total transaction of $227,850.00. Following the completion of the sale, the insider owned 66,936 shares of the company’s stock, valued at $2,178,766.80. This trade represents a 9.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Trading Down 0.8%

NASDAQ:ATNI traded down $0.25 during mid-day trading on Wednesday, hitting $31.04. 76,083 shares of the stock traded hands, compared to its average volume of 82,366. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. ATN International, Inc. has a 52 week low of $13.86 and a 52 week high of $33.41. The stock has a market capitalization of $478.02 million, a price-to-earnings ratio of 3.02, a PEG ratio of 4.01 and a beta of 0.56. The firm’s 50 day moving average is $25.74 and its two-hundred day moving average is $26.49.

ATN International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were issued a $0.29 dividend. The ex-dividend date was Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.7%. ATN International’s dividend payout ratio (DPR) is currently 11.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of ATN International in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International currently has an average rating of “Hold”.

Check Out Our Latest Stock Report on ATNI

Institutional Trading of ATN International

Institutional investors and hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. bought a new stake in ATN International during the 4th quarter valued at $479,000. Bank of New York Mellon Corp bought a new position in shares of ATN International during the 2nd quarter worth $3,323,000. Segall Bryant & Hamill LLC bought a new position in shares of ATN International during the 4th quarter worth $448,000. Brown Brothers Harriman & Co. increased its stake in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares during the period. Institutional investors own 65.50% of the company’s stock.

About ATN International

(Get Free Report)

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.

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Insider Buying and Selling by Quarter for ATN International (NASDAQ:ATNI)

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