Atlantic International (NASDAQ:CIRC) Stock: Insider Guus Paul Wilhelm Franke Sells 579,902 Shares

Atlantic International Corp. (NASDAQ:CIRC) CEO Paul Franke sold 579,902 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $0.42, for a total value of $243,558.84. Following the transaction, the chief executive officer directly owned 11,567,385 shares in the company, valued at $4,858,301.70. The trade was a 4.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Guus Paul Wilhelm Franke also recently made the following trade(s):

• On Tuesday, October 13th, Paul Franke sold 179,457 shares of Atlantic International stock. The shares were sold at an average price of $0.38, for a total value of $68,193.66.
• On Tuesday, September 15th, Paul Franke sold 60,000 shares of Atlantic International stock. The shares were sold at an average price of $0.50, for a total value of $30,000.00.

Atlantic International Price Performance

NASDAQ:CIRC opened at $0.29 on Friday. Atlantic International Corp. has a 1-year low of $0.21 and a 1-year high of $4.56. The business has a 50-day simple moving average of $0.47. The stock has a market capitalization of $33.29 million, a price-to-earnings ratio of -0.14 and a beta of 0.75. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09.

Atlantic International (NASDAQ:CIRC) last issued its earnings results on Wednesday, August 19th. The company reported ($0.98) earnings per share (EPS) for the quarter. The business had revenue of $319.81 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlantic International in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Institutional Trading of Atlantic International

Institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC purchased a new position in Atlantic International during the 2nd quarter worth $368,000. State Street Corp purchased a new stake in Atlantic International in the second quarter valued at about $145,000. Strs Ohio raised its stake in Atlantic International by 54.4% in the first quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after buying an additional 19,000 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Atlantic International in the first quarter valued at about $31,000.

Atlantic International Company Profile

Atlantic International Corp., through its subsidiaries, operates as a staffing company servicing the commercial, professional, finance, direct placement, and managed service provider verticals. The company specializes in permanent, temporary, and temporary-to-permanent placement services in various areas, including accounting and finance, administrative and clerical, hospitality, information technology, legal, light industrial, and medical fields. It also provides productivity consulting and workforce management solutions.