ATN International (NASDAQ:ATNI) Major Shareholder Sells $80,125.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.05, for a total transaction of $80,125.00. Following the transaction, the insider directly owned 64,436 shares in the company, valued at approximately $2,065,173.80. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Trading Down 0.4%

Shares of NASDAQ ATNI traded down $0.14 during trading on Monday, hitting $31.57. 93,494 shares of the company traded hands, compared to its average volume of 74,917. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $33.41. The company has a 50-day moving average price of $25.98 and a 200-day moving average price of $26.61. The firm has a market capitalization of $486.18 million, a P/E ratio of 3.07, a P/E/G ratio of 4.07 and a beta of 0.56. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68.

ATN International Increases Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ATN International

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in shares of ATN International during the 2nd quarter valued at about $25,000. Strs Ohio acquired a new position in ATN International during the 1st quarter worth approximately $138,000. Meeder Asset Management Inc. purchased a new position in ATN International in the 2nd quarter worth approximately $217,000. Canada Pension Plan Investment Board acquired a new stake in ATN International in the second quarter valued at approximately $220,000. Finally, Deutsche Bank AG acquired a new stake in ATN International in the second quarter valued at approximately $262,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.