ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 5,745 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,745 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $31.79, for a total value of $182,633.55. Following the completion of the sale, the insider owned 58,665 shares in the company, valued at approximately $1,864,960.35. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Up 1.5%

ATNI stock opened at $31.88 on Thursday. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The company’s 50 day moving average price is $26.29 and its 200 day moving average price is $26.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. The firm has a market capitalization of $490.95 million, a price-to-earnings ratio of 3.10, a PEG ratio of 4.03 and a beta of 0.56.

ATN International Increases Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.6%. This is an increase from ATN International’s previous quarterly dividend of $0.28. ATN International’s payout ratio is currently 11.28%.

Wall Street Analyst Weigh In

ATNI has been the subject of several research analyst reports. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ATN International in a research report on Friday, August 7th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATN International presently has an average rating of “Hold”.

Institutional Trading of ATN International

Large investors have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in shares of ATN International during the second quarter valued at $25,000. Strs Ohio acquired a new position in shares of ATN International during the 1st quarter valued at about $138,000. Meeder Asset Management Inc. purchased a new position in shares of ATN International during the 2nd quarter worth about $217,000. Canada Pension Plan Investment Board purchased a new position in ATN International during the second quarter worth approximately $220,000. Finally, Deutsche Bank AG acquired a new position in ATN International in the second quarter valued at $262,000. 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.