Cornelius Prior, Jr. Sells 1,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 1,000 shares of ATN International stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $27.08, for a total transaction of $27,080.00. Following the completion of the transaction, the insider owned 86,936 shares in the company, valued at approximately $2,354,226.88. This trade represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Down 4.3%

Shares of NASDAQ ATNI opened at $26.49 on Wednesday. The stock has a market capitalization of $407.42 million, a PE ratio of -26.76, a P/E/G ratio of 3.74 and a beta of 0.54. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average of $27.18 and a 200-day moving average of $25.87. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $30.45.

ATN International (NASDAQ:ATNI) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The firm had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. On average, analysts anticipate that ATN International, Inc. will post 0.74 EPS for the current year.

ATN International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th will be issued a $0.29 dividend. This is a positive change from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.4%. ATN International’s dividend payout ratio (DPR) is -111.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ATNI shares. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Trading of ATN International

Several large investors have recently added to or reduced their stakes in ATNI. Strs Ohio purchased a new position in ATN International in the first quarter valued at about $138,000. Segall Bryant & Hamill LLC purchased a new stake in shares of ATN International in the fourth quarter worth about $448,000. Hillsdale Investment Management Inc. acquired a new stake in shares of ATN International in the fourth quarter valued at about $479,000. Ameriprise Financial Inc. grew its stake in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after buying an additional 27,714 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.