Patricia Jacobs Sells 1,500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) Director Patricia Jacobs sold 1,500 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $30.04, for a total value of $45,060.00. Following the completion of the transaction, the director directly owned 19,958 shares of the company’s stock, valued at approximately $599,538.32. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Patricia Jacobs also recently made the following trade(s):

• On Thursday, August 20th, Patricia Jacobs sold 1,000 shares of ATN International stock. The stock was sold at an average price of $31.14, for a total value of $31,140.00.

ATN International Trading Up 0.5%

NASDAQ ATNI opened at $31.07 on Friday. The firm has a market cap of $478.48 million, a P/E ratio of 3.02, a P/E/G ratio of 3.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59. The stock’s 50-day moving average is $27.16 and its 200-day moving average is $27.14. ATN International, Inc. has a one year low of $13.86 and a one year high of $33.41.

ATN International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. 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. ATN International’s dividend payout ratio (DPR) is currently 11.28%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report 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, August 10th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in ATN International in the 2nd quarter valued at approximately $25,000. Bank of New York Mellon Corp grew its stake in shares of ATN International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock worth $3,338,000 after acquiring an additional 1,132 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of ATN International by 7.2% during the 2nd 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 in the last quarter. California State Teachers Retirement System raised its holdings in shares of ATN International by 590.7% in the second quarter. California State Teachers Retirement System now owns 3,709 shares of the technology company’s stock valued at $98,000 after purchasing an additional 3,172 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of ATN International in the first quarter valued at approximately $138,000. 65.50% of the stock is currently owned by 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.