ATN International (NASDAQ:ATNI) Major Shareholder Sells $80,125.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.05, for a total transaction of $80,125.00. Following the transaction, the insider owned 64,436 shares in the company, valued at approximately $2,065,173.80. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Performance

Shares of ATN International stock opened at $31.88 on Thursday. The firm’s fifty day simple moving average is $26.29 and its 200-day simple moving average is $26.80. ATN International, Inc. has a 12 month low of $13.86 and a 12 month high of $33.41. The stock has a market capitalization of $490.95 million, a price-to-earnings ratio of 3.10, a PEG ratio of 4.03 and a beta of 0.56. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.6%. ATN International’s dividend payout ratio is currently 11.28%.

Institutional Trading of ATN International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in ATN International during the 2nd quarter worth approximately $25,000. Bank of New York Mellon Corp lifted its holdings in shares of ATN International by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after buying an additional 1,132 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares during the period. Strs Ohio purchased a new stake in shares of ATN International in the first quarter valued at approximately $138,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of ATN International in the second quarter valued at approximately $217,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

ATNI has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of ATN International in a research report on Friday, August 7th. Wall Street Zen raised 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, ATN International presently has a consensus 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.