Insider Selling: ATN International (NASDAQ:ATNI) Director Sells 1,500 Shares of Stock

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

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 transaction of $31,140.00.

ATN International Stock Performance

NASDAQ ATNI traded up $1.10 during midday trading on Wednesday, hitting $31.23. The company had a trading volume of 16,628 shares, compared to its average volume of 74,865. The firm has a fifty day simple moving average of $26.98 and a two-hundred day simple moving average of $27.11. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The stock has a market cap of $480.94 million, a price-to-earnings ratio of 3.03, a P/E/G ratio of 3.87 and a beta of 0.59.

ATN International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. This is a boost from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, June 30th. ATN International’s dividend payout ratio (DPR) is 11.28%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On ATN International

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in ATN International in the 2nd quarter valued at $24,457,000. Bank of New York Mellon Corp bought a new stake in ATN International in the second quarter valued at $3,323,000. Empowered Funds LLC acquired a new position in ATN International during the second quarter worth $2,481,000. Brown Brothers Harriman & Co. raised its stake in ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after acquiring an additional 35,394 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in ATN International during the second quarter worth $739,000. 65.50% of the stock is owned by institutional investors and hedge funds.

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.