Cornelius Prior, Jr. Sells 2,500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.05, for a total value of $80,125.00. Following the sale, the insider owned 64,436 shares in the company, valued at approximately $2,065,173.80. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Down 0.5%

NASDAQ ATNI opened at $31.42 on Wednesday. The stock has a market cap of $483.96 million, a PE ratio of 3.06, a P/E/G ratio of 4.07 and a beta of 0.56. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The business has a 50 day moving average price of $26.19 and a two-hundred day moving average price of $26.74. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68.

ATN International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. ATN International’s dividend payout ratio (DPR) is 11.28%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ATN International

A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in shares of ATN International in the 2nd quarter worth approximately $25,000. Bank of New York Mellon Corp raised its position in shares of ATN International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after acquiring an additional 1,132 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in ATN International by 7.2% during 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 during the last quarter. Strs Ohio bought a new position in ATN International during the first quarter worth $138,000. Finally, Meeder Asset Management Inc. acquired a new position in ATN International in the second quarter worth $217,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

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.