ATN International, Inc. (NASDAQ:ATNI – Get Free Report) major shareholder Cornelius Prior, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $31.75, for a total value of $31,750.00. Following the transaction, the insider directly owned 57,665 shares of the company’s stock, valued at approximately $1,830,863.75. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
ATN International Stock Performance
ATNI traded up $0.46 during trading hours on Wednesday, reaching $31.88. The company’s stock had a trading volume of 78,972 shares, compared to its average volume of 74,993. The company’s 50-day moving average is $26.19 and its 200-day moving average is $26.74. ATN International, Inc. has a 52 week low of $13.86 and a 52 week high of $33.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. The firm has a market cap of $491.05 million, a PE ratio of 3.10, a price-to-earnings-growth ratio of 4.07 and a beta of 0.56.
ATN International Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. ATN International’s dividend payout ratio is currently 11.28%.
Hedge Funds Weigh In On ATN International
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of ATN International in a report on Friday, August 7th. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ATN International presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on ATNI
ATN International Company Profile
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.
See Also
- Five stocks we like better than ATN International
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Receive News & Ratings for ATN International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATN International and related companies with MarketBeat.com's FREE daily email newsletter.
