Patricia Jacobs Sells 1,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) Director Patricia Jacobs sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $31.14, for a total transaction of $31,140.00. Following the transaction, the director directly owned 21,458 shares in the company, valued at approximately $668,202.12. The trade was a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ATN International Price Performance

ATN International stock opened at $30.95 on Friday. ATN International, Inc. has a 12-month low of $13.86 and a 12-month high of $33.41. The stock has a market cap of $476.63 million, a P/E ratio of 3.01, a PEG ratio of 3.97 and a beta of 0.56. The company has a 50-day moving average price of $26.42 and a 200 day moving average price of $26.88. The company has a current ratio of 1.63, a quick ratio of 1.59 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. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from ATN International’s previous quarterly dividend of $0.28. ATN International’s payout ratio is 11.28%.

Hedge Funds Weigh In On ATN International

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in ATN International in the 2nd quarter valued at approximately $24,457,000. Brown Brothers Harriman & Co. lifted its stake in ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in ATN International during the second quarter worth $3,323,000. Empowered Funds LLC purchased a new position in shares of ATN International during the second quarter worth $2,481,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of 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 buying an additional 10,253 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

ATNI has been the topic of a number of recent analyst reports. Weiss Ratings upgraded ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday. Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.