Atlantic International Corp. (NASDAQ:CIRC – Get Free Report) CEO Paul Franke sold 60,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $0.50, for a total transaction of $30,000.00. Following the completion of the sale, the chief executive officer directly owned 12,147,287 shares in the company, valued at approximately $6,073,643.50. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Guus Paul Wilhelm Franke also recently made the following trade(s):
- On Tuesday, October 13th, Paul Franke sold 179,457 shares of Atlantic International stock. The stock was sold at an average price of $0.38, for a total value of $68,193.66.
- On Monday, September 21st, Paul Franke sold 579,902 shares of Atlantic International stock. The shares were sold at an average price of $0.42, for a total value of $243,558.84.
Atlantic International Stock Up 22.0%
Shares of CIRC stock opened at $0.29 on Friday. The stock has a market capitalization of $33.29 million, a price-to-earnings ratio of -0.14 and a beta of 0.75. The business has a fifty day simple moving average of $0.47. Atlantic International Corp. has a 52 week low of $0.21 and a 52 week high of $4.56. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.39 and a quick ratio of 0.39.
Atlantic International (NASDAQ:CIRC – Get Free Report) last announced its earnings results on Wednesday, August 19th. The company reported ($0.98) earnings per share for the quarter. The firm had revenue of $319.81 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atlantic International in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Atlantic International currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on CIRC
Institutional Trading of Atlantic International
Several large investors have recently modified their holdings of CIRC. State Street Corp bought a new position in Atlantic International in the second quarter valued at about $145,000. HighTower Advisors LLC purchased a new stake in shares of Atlantic International in the 2nd quarter worth $368,000. Bank of New York Mellon Corp bought a new position in Atlantic International in the 1st quarter worth $31,000. Finally, Strs Ohio grew its holdings in Atlantic International by 54.4% during the first quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after purchasing an additional 19,000 shares during the period.
Atlantic International Company Profile
Atlantic International Corp., through its subsidiaries, operates as a staffing company servicing the commercial, professional, finance, direct placement, and managed service provider verticals. The company specializes in permanent, temporary, and temporary-to-permanent placement services in various areas, including accounting and finance, administrative and clerical, hospitality, information technology, legal, light industrial, and medical fields. It also provides productivity consulting and workforce management solutions.
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