Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells 5,000 Shares

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

ATN International Stock Performance

Shares of ATNI stock traded down $0.05 during trading on Wednesday, reaching $26.44. 79,404 shares of the company’s stock were exchanged, compared to its average volume of 73,209. ATN International, Inc. has a twelve month low of $13.86 and a twelve month high of $30.45. The firm’s fifty day moving average price is $27.18 and its 200-day moving average price is $25.87. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $406.65 million, a PE ratio of -26.71, a PEG ratio of 3.74 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results 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). ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. The business had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. As a group, sell-side analysts anticipate that ATN International, Inc. will post 0.74 EPS for the current year.

ATN International Increases Dividend

The business 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 $0.29 dividend. This is an increase from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a yield of 4.4%. ATN International’s dividend payout ratio (DPR) is currently -111.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATNI. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ATN International has a consensus rating of “Hold”.

Institutional Trading of ATN International

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in ATN International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after acquiring an additional 1,132 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of ATN International by 9.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 6,715 shares in the last quarter. Strs Ohio bought a new stake in shares of ATN International during the 1st quarter valued at approximately $138,000. Finally, Segall Bryant & Hamill LLC increased its position in ATN International by 49.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock worth $799,000 after purchasing an additional 9,684 shares in the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

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.