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

ATN International, Inc. (NASDAQ:ATNI) Director Patricia Jacobs sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $31.14, for a total transaction of $31,140.00. Following the completion of the transaction, the director owned 21,458 shares of the company’s stock, valued at $668,202.12. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ATN International Stock Down 0.6%

Shares of ATNI stock opened at $30.95 on Friday. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $33.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. The business’s fifty day moving average is $26.42 and its 200-day moving average is $26.88. The stock has a market cap of $476.72 million, a PE ratio of 3.01, a price-to-earnings-growth ratio of 3.99 and a beta of 0.56.

ATN International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.7%. This is a boost from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, June 30th. ATN International’s dividend payout ratio (DPR) is presently 11.28%.

Institutional Investors Weigh In On ATN International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of ATN International during the second quarter valued at $24,457,000. Brown Brothers Harriman & Co. raised its holdings in ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after buying an additional 35,394 shares during the period. Bank of New York Mellon Corp purchased a new stake in ATN International during the second quarter valued at about $3,323,000. Empowered Funds LLC purchased a new stake in ATN International during the second quarter valued at about $2,481,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of 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 worth $1,141,000 after buying an additional 10,253 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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