ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 5,000 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $27.65, for a total transaction of $138,250.00. Following the completion of the sale, the insider directly owned 81,436 shares in the company, valued at $2,251,705.40. This represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Price Performance

Shares of NASDAQ ATNI opened at $26.44 on Thursday. The company has a fifty day moving average price of $27.15 and a 200 day moving average price of $25.90. The firm has a market cap of $406.65 million, a PE ratio of -26.71, a PEG ratio of 3.58 and a beta of 0.55. 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, Inc. has a 1-year low of $13.86 and a 1-year high of $30.45.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). The firm had revenue of $182.22 million during the quarter, compared to the consensus estimate of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. Research analysts predict that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

ATN International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. This is an increase from ATN International’s previous quarterly dividend of $0.28. ATN International’s dividend payout ratio (DPR) is -117.17%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of 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 data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On ATN International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. grew its stake in shares of ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares in the last quarter. Marshall Wace LLP increased its holdings in ATN International by 137.9% during the second 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 last quarter. Hillsdale Investment Management Inc. bought a new stake in ATN International during the fourth quarter worth $479,000. Segall Bryant & Hamill LLC bought a new stake in ATN International during the fourth quarter worth $448,000. Finally, Gamco Investors INC. ET AL lifted its stake in ATN International by 17.1% in the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 10,253 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

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.