ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 10,000 Shares

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 10,000 shares of ATN International stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.34, for a total value of $313,400.00. Following the sale, the insider directly owned 37,165 shares of the company’s stock, valued at $1,164,751.10. This represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Trading Down 0.3%

Shares of ATN International stock opened at $30.63 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. The firm has a 50-day moving average of $26.67 and a 200-day moving average of $27.00. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $33.41. The stock has a market cap of $471.70 million, a PE ratio of 2.98, a PEG ratio of 3.94 and a beta of 0.56.

ATN International Increases Dividend

The firm also recently announced 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 boost from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. ATN International’s payout ratio is 11.28%.

Institutional Trading of ATN International

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of ATN International during the 1st quarter worth approximately $138,000. Marshall Wace LLP lifted its stake in ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 10,253 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of ATN International by 5.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ATNI shares. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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.