ATN International, Inc. (NASDAQ:ATNI – Get Free Report) major shareholder Cornelius Prior, Jr. sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $31.86, for a total value of $318,600.00. Following the transaction, the insider owned 47,665 shares in the company, valued at approximately $1,518,606.90. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
ATN International Price Performance
Shares of NASDAQ ATNI opened at $30.95 on Monday. The business has a fifty day moving average price of $26.42 and a two-hundred day moving average price of $26.89. The stock has a market capitalization of $476.63 million, a PE ratio of 3.01, a P/E/G ratio of 3.97 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41.
ATN International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 annualized dividend and a yield of 3.7%. This is an increase from ATN International’s previous quarterly dividend of $0.28. ATN International’s payout ratio is 11.28%.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On ATN International
A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in ATN International during the 2nd quarter worth approximately $25,000. Bank of New York Mellon Corp boosted its position in ATN International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after buying an additional 1,132 shares in the last quarter. Ameriprise Financial Inc. grew 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 worth $583,000 after buying an additional 2,397 shares during the last quarter. Strs Ohio bought a new stake in shares of ATN International during the first quarter worth $138,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of ATN International during the second quarter worth $217,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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