Cornelius Prior, Jr. Sells 500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $31.17, for a total transaction of $15,585.00. Following the sale, the insider directly owned 73,936 shares in the company, valued at $2,304,585.12. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Stock Performance

Shares of NASDAQ ATNI traded down $0.13 during mid-day trading on Monday, hitting $31.84. The stock had a trading volume of 116,686 shares, compared to its average volume of 74,146. The firm has a market cap of $489.72 million, a PE ratio of 3.11, a PEG ratio of 4.10 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.16 and a current ratio of 1.63. The company has a 50 day moving average of $25.50 and a two-hundred day moving average of $26.30. ATN International, Inc. has a twelve month low of $13.86 and a twelve month high of $33.41.

ATN International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were issued a $0.29 dividend. This is a boost from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. ATN International’s dividend payout ratio is currently 11.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen raised ATN International from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered shares of ATN International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Trading of ATN International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. purchased a new position in ATN International during the fourth quarter valued at approximately $479,000. Bank of New York Mellon Corp purchased a new stake in ATN International in the 2nd quarter worth approximately $3,323,000. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International during the 4th quarter worth approximately $448,000. Brown Brothers Harriman & Co. grew its stake in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings 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 valued at $583,000 after purchasing an additional 2,397 shares in the last quarter. 65.50% of the stock is 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.