ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 500 Shares

ATN International, Inc. (NASDAQ:ATNIGet Free Report) major shareholder Cornelius Prior, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $31.25, for a total value of $15,625.00. Following the transaction, the insider directly owned 47,165 shares of the company’s stock, valued at approximately $1,473,906.25. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Down 0.6%

Shares of NASDAQ:ATNI opened at $30.95 on Friday. The stock has a fifty day simple moving average of $26.42 and a two-hundred day simple moving average of $26.88. The stock has a market capitalization of $476.72 million, a price-to-earnings ratio of 3.01, a PEG ratio of 3.99 and a beta of 0.56. ATN International, Inc. has a 12-month low of $13.86 and a 12-month high of $33.41. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68.

ATN International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, June 30th. This is a boost 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 is 11.28%.

Hedge Funds Weigh In On ATN International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new stake in ATN International during the 2nd quarter valued at $25,000. Strs Ohio purchased a new position in shares of ATN International in the first quarter worth $138,000. Meeder Asset Management Inc. bought a new position in shares of ATN International during the second quarter valued at $217,000. Canada Pension Plan Investment Board bought a new position in shares of ATN International during the second quarter valued at $220,000. Finally, Deutsche Bank AG bought a new position in shares of ATN International during the second quarter valued at $262,000. 65.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ATNI shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of ATN International in a research note on Friday, August 7th. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Check Out Our Latest Research Report on ATN International

ATN International Company Profile

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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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