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

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of ATN International stock in a transaction on Friday, August 7th. The shares were sold at an average price of $31.17, for a total value of $15,585.00. Following the completion of the sale, the insider directly owned 73,936 shares of the company’s stock, valued at approximately $2,304,585.12. This represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Performance

ATN International stock opened at $32.11 on Tuesday. The stock has a fifty day moving average price of $25.58 and a 200 day moving average price of $26.37. ATN International, Inc. has a 52 week low of $13.86 and a 52 week high of $33.41. The firm has a market capitalization of $493.85 million, a P/E ratio of 3.12, a PEG ratio of 4.10 and a beta of 0.56. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.68.

ATN International Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from ATN International’s previous quarterly dividend of $0.28. ATN International’s dividend payout ratio is currently 11.28%.

Institutional Trading of ATN International

Several large investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new position in shares of ATN International during the fourth quarter worth $479,000. Bank of New York Mellon Corp acquired a new stake in ATN International during the 2nd quarter valued at $3,323,000. Segall Bryant & Hamill LLC purchased a new stake in ATN International during the 4th quarter worth $448,000. Brown Brothers Harriman & Co. increased its stake in ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after buying an additional 35,394 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in ATN International by 7.2% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ATNI. Weiss Ratings raised shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Zacks Research downgraded shares of ATN International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

About ATN International

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.