Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $15,585.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $31.17, for a total value of $15,585.00. Following the sale, the insider owned 73,936 shares in the company, valued at approximately $2,304,585.12. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ATN International Price Performance

Shares of ATN International stock opened at $31.04 on Thursday. The stock has a market cap of $477.43 million, a price-to-earnings ratio of 3.02, a price-to-earnings-growth ratio of 4.01 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.16 and a current ratio of 1.63. The stock has a 50 day moving average price of $25.74 and a 200-day moving average price of $26.49. ATN International, Inc. has a one year low of $13.86 and a one year high of $33.41.

ATN International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.7%. ATN International’s payout ratio is presently 11.28%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ATN International

Large investors have recently bought and sold shares of the business. Strs Ohio bought a new position in ATN International in the 1st quarter valued at $138,000. Meeder Asset Management Inc. bought a new stake in shares of ATN International during the second quarter worth $217,000. Deutsche Bank AG purchased a new stake in shares of ATN International during the second quarter valued at $262,000. Segall Bryant & Hamill LLC purchased a new stake in shares of ATN International during the fourth quarter valued at $448,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of ATN International in the fourth quarter worth about $479,000. Hedge funds and other 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.