ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 2,500 Shares

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,500 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.05, for a total transaction of $80,125.00. Following the completion of the transaction, the insider owned 64,436 shares in the company, valued at approximately $2,065,173.80. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Stock Performance

Shares of ATN International stock opened at $31.57 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $26.09 and a two-hundred day moving average price of $26.67. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $33.41. The company has a market cap of $486.18 million, a P/E ratio of 3.07, a PEG ratio of 4.07 and a beta of 0.56.

ATN International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.29 per share. This is a positive change from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.7%. ATN International’s payout ratio is 11.28%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ATNI shares. Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATN International in a research note on Friday, August 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On ATN International

A number of large investors have recently modified their holdings of ATNI. Strs Ohio acquired a new stake in ATN International in the 1st quarter valued at $138,000. Marshall Wace LLP lifted its stake in shares of ATN International by 137.9% in the second 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 in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of ATN International by 17.1% in the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after buying an additional 10,253 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of ATN International by 7.2% during 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 during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors.

ATN International Company Profile

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.