ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 1,000 Shares of Stock

by · The Markets Daily

ATN International, Inc. (NASDAQ:ATNIGet Free Report) major shareholder Cornelius Prior, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $31.75, for a total transaction of $31,750.00. Following the transaction, the insider owned 57,665 shares of the company’s stock, valued at $1,830,863.75. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Trading Up 1.5%

Shares of ATN International stock opened at $31.88 on Thursday. The business has a 50 day moving average price of $26.29 and a 200 day moving average price of $26.80. The company has a market capitalization of $490.95 million, a P/E ratio of 3.10, a P/E/G ratio of 4.03 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 1 year low of $13.86 and a 1 year high of $33.41.

ATN International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were given a $0.29 dividend. This is a boost 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 of this dividend was Tuesday, June 30th. ATN International’s dividend payout ratio (DPR) is presently 11.28%.

Institutional Investors Weigh In On ATN International

Institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. acquired a new position in shares of ATN International in the 4th quarter valued at about $479,000. Legal & General Group Plc acquired a new position in ATN International during the second quarter valued at approximately $25,000. Bank of New York Mellon Corp purchased a new stake in ATN International during the second quarter worth approximately $3,323,000. Canada Pension Plan Investment Board purchased a new stake in ATN International during the second quarter worth approximately $220,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of ATN International in the second quarter worth $339,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ATNI shares. Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ATN International in a research report on Friday, August 7th. Finally, Wall Street Zen raised ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International has a consensus rating of “Hold”.

View Our Latest Stock Report on ATN International

ATN International Company Profile

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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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