Atlantic International (NASDAQ:ATLN) Releases Earnings Results

Atlantic International (NASDAQ:ATLN) announced its quarterly earnings data on Monday. The company reported ($0.44) EPS for the quarter, FiscalAI reports. The business had revenue of $249.89 million during the quarter.

Atlantic International Price Performance

Shares of NASDAQ:ATLN opened at $0.44 on Tuesday. The stock has a market capitalization of $33.53 million, a price-to-earnings ratio of -0.40 and a beta of 0.73. The business’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $2.29. Atlantic International has a fifty-two week low of $0.41 and a fifty-two week high of $5.25.

Analysts Set New Price Targets

ATLN has been the subject of a number of recent research reports. Wall Street Zen upgraded Atlantic International to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings downgraded shares of Atlantic International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Atlantic International presently has an average rating of “Hold”.

Institutional Investors Weigh In On Atlantic International

A number of hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Atlantic International in the first quarter worth $31,000. Strs Ohio increased its position in Atlantic International by 54.4% in the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after acquiring an additional 19,000 shares in the last quarter. State Street Corp lifted its position in shares of Atlantic International by 9.4% during the fourth quarter. State Street Corp now owns 103,859 shares of the company’s stock worth $138,000 after purchasing an additional 8,959 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Atlantic International by 232.1% during the fourth quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock valued at $68,000 after purchasing an additional 35,513 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Atlantic International in the second quarter valued at approximately $97,000.

About Atlantic International

Atlantic International (NASDAQ: ATLN) is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company’s investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.