Atlantic International (NASDAQ:CIRC) CEO Sells $30,000.00 in Stock

Atlantic International Corp. (NASDAQ:CIRC) CEO Paul Franke sold 60,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $0.50, for a total transaction of $30,000.00. Following the completion of the sale, the chief executive officer directly owned 12,147,287 shares of the company’s stock, valued at $6,073,643.50. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Guus Paul Wilhelm Franke also recently made the following trade(s):

• On Tuesday, October 13th, Paul Franke sold 179,457 shares of Atlantic International stock. The stock was sold at an average price of $0.38, for a total value of $68,193.66.
• On Monday, September 21st, Paul Franke sold 579,902 shares of Atlantic International stock. The stock was sold at an average price of $0.42, for a total value of $243,558.84.

Atlantic International Stock Up 22.0%

Shares of CIRC stock opened at $0.29 on Friday. The firm has a market cap of $33.29 million, a PE ratio of -0.14 and a beta of 0.75. Atlantic International Corp. has a 52-week low of $0.21 and a 52-week high of $4.56. The firm has a 50-day moving average of $0.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.39 and a quick ratio of 0.39.

Atlantic International (NASDAQ:CIRC) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.98) earnings per share for the quarter. The business had revenue of $319.81 million during the quarter.

Hedge Funds Weigh In On Atlantic International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIRC. Bank of New York Mellon Corp acquired a new stake in shares of Atlantic International in the first quarter valued at approximately $31,000. Strs Ohio increased its stake in shares of Atlantic International by 54.4% during the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock worth $163,000 after purchasing an additional 19,000 shares in the last quarter. State Street Corp purchased a new position in shares of Atlantic International during the 2nd quarter worth approximately $145,000. Finally, HighTower Advisors LLC acquired a new position in shares of Atlantic International during the 2nd quarter worth approximately $368,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Atlantic International in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Atlantic International

Atlantic International Corp., through its subsidiaries, operates as a staffing company servicing the commercial, professional, finance, direct placement, and managed service provider verticals. The company specializes in permanent, temporary, and temporary-to-permanent placement services in various areas, including accounting and finance, administrative and clerical, hospitality, information technology, legal, light industrial, and medical fields. It also provides productivity consulting and workforce management solutions.