ATN International (NASDAQ:ATNI) Major Shareholder Sells $154,380.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $25.73, for a total value of $154,380.00. Following the transaction, the insider directly owned 194,000 shares of the company’s stock, valued at approximately $4,991,620. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

ATN International Stock Performance

NASDAQ ATNI opened at $25.76 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $30.45. The business has a 50 day simple moving average of $27.24 and a two-hundred day simple moving average of $25.58. The stock has a market capitalization of $396.19 million, a PE ratio of -26.02, a P/E/G ratio of 3.47 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) 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 analysts’ expectations of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. On average, research analysts predict that ATN International, Inc. will post 0.74 EPS 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. Investors 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 is a positive change from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 4.5%. ATN International’s payout ratio is currently -111.11%.

Hedge Funds Weigh In On ATN International

Large investors have recently modified their holdings of the stock. Strs Ohio purchased a new stake in ATN International during the 1st quarter valued at $138,000. Segall Bryant & Hamill LLC purchased a new position in ATN International during the fourth quarter worth $448,000. Hillsdale Investment Management Inc. purchased a new position in ATN International during the fourth quarter worth $479,000. Ameriprise Financial Inc. increased its position in ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP increased its position in ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after acquiring an additional 27,714 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ATNI shares. Wall Street Zen lowered shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus 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.