Atlantic International (NASDAQ:CIRC) Stock: Insider Guus Paul Wilhelm Franke Sells 179,457 Shares

Atlantic International Corp. (NASDAQ:CIRC) CEO Paul Franke sold 179,457 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $0.38, for a total transaction of $68,193.66. Following the completion of the sale, the chief executive officer owned 11,387,928 shares of the company’s stock, valued at approximately $4,327,412.64. This represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 21st, Paul Franke sold 579,902 shares of Atlantic International stock. The shares were sold at an average price of $0.42, for a total value of $243,558.84.
• 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 transaction of $30,000.00.

Atlantic International Stock Up 22.0%

Shares of CIRC stock opened at $0.29 on Friday. The business’s 50 day moving average is $0.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.39 and a current ratio of 0.39. Atlantic International Corp. has a 12-month low of $0.21 and a 12-month high of $4.56. The stock has a market cap of $33.29 million, a price-to-earnings ratio of -0.14 and a beta of 0.75.

Atlantic International (NASDAQ:CIRC) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.98) EPS for the quarter. The company had revenue of $319.81 million during the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Atlantic International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in shares of Atlantic International in the 2nd quarter worth approximately $368,000. State Street Corp bought a new stake in Atlantic International in the second quarter valued at $145,000. Strs Ohio raised its position in shares of Atlantic International by 54.4% in the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock worth $163,000 after acquiring an additional 19,000 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Atlantic International during the 1st quarter valued at $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.