Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $15,625.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $31.25, for a total transaction of $15,625.00. Following the completion of the sale, the insider owned 47,165 shares in the company, valued at approximately $1,473,906.25. This trade represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 Stock Up 1.1%

Shares of ATNI stock traded up $0.35 during trading hours on Friday, hitting $31.49. 21,452 shares of the company’s stock traded hands, compared to its average volume of 74,794. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $26.37 and its two-hundred day simple moving average is $26.85. 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 $484.95 million, a price-to-earnings ratio of 3.06, a PEG ratio of 4.09 and a beta of 0.56.

ATN International Increases Dividend

The business 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from ATN International’s previous quarterly dividend of $0.28. ATN International’s payout ratio is 11.28%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATNI. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of ATN International in a report on Friday, August 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Trading of ATN International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in ATN International in the second quarter worth approximately $25,000. Strs Ohio bought a new position in ATN International in the 1st quarter worth $138,000. Meeder Asset Management Inc. purchased a new position in ATN International during the second quarter valued at $217,000. Canada Pension Plan Investment Board bought a new position in shares of ATN International in the second quarter worth about $220,000. Finally, Deutsche Bank AG purchased a new position in shares of ATN International during the 2nd quarter valued at about $262,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.