ATN International (NASDAQ:ATNI) Major Shareholder Sells $182,633.55 in Stock

ATN International, Inc. (NASDAQ:ATNIGet Free Report) major shareholder Cornelius Prior, Jr. sold 5,745 shares of ATN International stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $31.79, for a total value of $182,633.55. Following the completion of the transaction, the insider directly owned 58,665 shares in the company, valued at $1,864,960.35. This represents a 8.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Trading Up 1.5%

Shares of ATN International stock traded up $0.46 during trading on Wednesday, hitting $31.88. The stock had a trading volume of 78,972 shares, compared to its average volume of 74,993. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $33.41. The stock has a 50 day simple moving average of $26.19 and a 200 day simple moving average of $26.74. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $491.05 million, a PE ratio of 3.10, a P/E/G ratio of 4.07 and a beta of 0.56.

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 dividend of $0.29 per share. This is a positive change from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 30th. ATN International’s dividend payout ratio is presently 11.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATNI. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATN International in a research note on Friday, August 7th. 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ATN International has an average rating of “Hold”.

Check Out Our Latest Stock Report on ATN International

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC bought a new position in shares of ATN International during the 2nd quarter valued at about $2,481,000. Bank of America Corp DE acquired a new stake in ATN International during the 2nd quarter worth approximately $678,000. Hsbc Holdings PLC bought a new position in ATN International in the second quarter valued at approximately $339,000. Canada Pension Plan Investment Board bought a new position in ATN International in the second quarter valued at approximately $220,000. Finally, Legal & General Group Plc acquired a new position in shares of ATN International in the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

ATN International Company Profile

(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.

Further Reading

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

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