Atlantic Tele-Network Inc. (atni) Plans Quarterly Dividend of $0.34
Atlantic Tele-Network Inc. (NASDAQ:atni) announced a quarterly dividend on Monday, September 19th. Investors of record on Friday, September 30th will be given a dividend of 0.34 per share on Friday, October 7th. This represents a $1.36 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, September 28th. This is a boost from Atlantic Tele-Network’s previous quarterly dividend of $0.32.
Atlantic Tele-Network (NASDAQ:ATNI) opened at 67.56 on Tuesday. The firm’s 50-day moving average price is $66.05 and its 200 day moving average price is $72.67. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 79.30 and a beta of 0.81. Atlantic Tele-Network has a 12 month low of $62.70 and a 12 month high of $83.80.
Atlantic Tele-Network (NASDAQ:ATNI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.67. The firm had revenue of $100 million for the quarter, compared to analysts’ expectations of $94.67 million. Atlantic Tele-Network had a return on equity of 2.16% and a net margin of 3.73%. On average, analysts anticipate that Atlantic Tele-Network will post $0.85 earnings per share for the current year.
Several research firms recently weighed in on ATNI. Drexel Hamilton began coverage on shares of Atlantic Tele-Network in a report on Wednesday, June 22nd. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th.
In other news, CEO Michael T. Prior sold 1,650 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $80.07, for a total transaction of $132,115.50. Following the sale, the chief executive officer now directly owns 369,778 shares of the company’s stock, valued at approximately $29,608,124.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael T. Prior sold 531 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $80.46, for a total value of $42,724.26. Following the sale, the chief executive officer now directly owns 369,778 shares in the company, valued at $29,752,337.88. The disclosure for this sale can be found here. Insiders own 33.60% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in shares of Atlantic Tele-Network during the second quarter valued at about $393,000. Thrivent Financial for Lutherans raised its stake in Atlantic Tele-Network by 5.6% in the second quarter. Thrivent Financial for Lutherans now owns 5,280 shares of the company’s stock valued at $411,000 after buying an additional 280 shares during the last quarter. Arizona State Retirement System raised its stake in Atlantic Tele-Network by 3.7% in the second quarter. Arizona State Retirement System now owns 5,653 shares of the company’s stock valued at $440,000 after buying an additional 200 shares during the last quarter. American International Group Inc. raised its stake in Atlantic Tele-Network by 0.9% in the second quarter. American International Group Inc. now owns 7,894 shares of the company’s stock valued at $614,000 after buying an additional 72 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in Atlantic Tele-Network by 7.3% in the second quarter. Martingale Asset Management L P now owns 8,808 shares of the company’s stock valued at $686,000 after buying an additional 601 shares during the last quarter. 58.02% of the stock is currently owned by institutional investors and hedge funds.
Atlantic Tele-Network Company Profile
ATN International, Inc, formerly Atlantic Tele-Network, Inc, is a holding company. The Company, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean; owns and operates commercial distributed generation solar power systems in the United States, and owns and operates terrestrial and submarine fiber optic transport systems in the United States and the Caribbean, respectively.
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