Hillsdale Investment Management Inc. Makes New $479,000 Investment in ATN International, Inc. $ATNI

Hillsdale Investment Management Inc. bought a new position in ATN International, Inc. (NASDAQ:ATNI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 21,000 shares of the technology company’s stock, valued at approximately $479,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after purchasing an additional 2,397 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in ATN International by 9.6% during the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock valued at $1,152,000 after buying an additional 6,715 shares in the last quarter. Strs Ohio purchased a new stake in shares of ATN International during the first quarter valued at $138,000. Marshall Wace LLP raised its holdings in ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after buying an additional 27,714 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings 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. Institutional investors own 65.50% of the company’s stock.

ATN International Price Performance

Shares of NASDAQ:ATNI opened at $28.28 on Tuesday. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $30.45. The firm has a market capitalization of $434.95 million, a PE ratio of -28.57, a PEG ratio of 6.40 and a beta of 0.54. The business’s 50 day moving average is $27.40 and its 200-day moving average is $24.98. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.30). The firm had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. Sell-side analysts predict that ATN International, Inc. will post 0.44 earnings per share for the current year.

ATN International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, March 31st. ATN International’s dividend payout ratio (DPR) is -111.11%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ATNI shares. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company 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.