ATN International (NASDAQ:ATNI) Major Shareholder Sells $208,180.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $29.74, for a total transaction of $208,180.00. Following the sale, the insider directly owned 74,436 shares of the company’s stock, valued at $2,213,726.64. The trade was a 8.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Down 0.8%

Shares of NASDAQ:ATNI opened at $31.04 on Thursday. The firm has a market cap of $477.43 million, a PE ratio of 3.02, a price-to-earnings-growth ratio of 4.01 and a beta of 0.56. The company has a fifty day simple moving average of $25.74 and a 200 day simple moving average of $26.49. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.68. ATN International, Inc. has a 12-month low of $13.86 and a 12-month high of $33.41.

ATN International Increases Dividend

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

Institutional Investors Weigh In On ATN International

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in shares of ATN International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock worth $3,338,000 after purchasing an additional 1,132 shares during the period. Ameriprise Financial Inc. increased its position in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after buying an additional 2,397 shares during the period. Strs Ohio acquired a new stake in ATN International in the first quarter worth $138,000. Meeder Asset Management Inc. bought a new stake in ATN International in the second quarter valued at $217,000. Finally, Segall Bryant & Hamill LLC lifted its stake in ATN International by 49.3% in the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock valued at $799,000 after buying an additional 9,684 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ATNI shares. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of ATN International in a report on Friday, August 7th. Finally, Wall Street Zen raised ATN International from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ATN International has an average rating of “Hold”.

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.