ATN International (NASDAQ:ATNI) Director Sells $45,060.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) Director Patricia Jacobs sold 1,500 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $30.04, for a total value of $45,060.00. Following the sale, the director owned 19,958 shares of the company’s stock, valued at approximately $599,538.32. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Patricia Jacobs also recently made the following trade(s):

• On Thursday, August 20th, Patricia Jacobs sold 1,000 shares of ATN International stock. The shares were sold at an average price of $31.14, for a total value of $31,140.00.

ATN International Stock Performance

Shares of NASDAQ ATNI opened at $30.93 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59. ATN International, Inc. has a one year low of $13.86 and a one year high of $33.41. The business’s 50-day moving average price is $27.23 and its two-hundred day moving average price is $27.17. The company has a market capitalization of $476.32 million, a P/E ratio of 3.01, a price-to-earnings-growth ratio of 3.98 and a beta of 0.59.

ATN International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were issued a $0.29 dividend. This is an increase from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, June 30th. ATN International’s dividend payout ratio is currently 11.28%.

Analyst Upgrades and Downgrades

ATNI has been the subject of several recent research reports. Weiss Ratings raised shares of ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On ATN International

A number of institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in shares of ATN International in the second quarter worth $25,000. California State Teachers Retirement System grew its stake in ATN International by 590.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,709 shares of the technology company’s stock valued at $98,000 after buying an additional 3,172 shares during the last quarter. Strs Ohio bought a new position in ATN International in the 1st quarter worth $138,000. Meeder Asset Management Inc. bought a new position in ATN International in the 2nd quarter worth $217,000. Finally, Canada Pension Plan Investment Board acquired a new position in ATN International during the 2nd quarter worth $220,000. Institutional investors own 65.50% of the company’s stock.

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.