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

Atlantic International Corp. (NASDAQ:CIRC) CEO Guus Paul Wilhelm Franke sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $0.50, for a total value of $30,000.00. Following the transaction, the chief executive officer directly owned 12,147,287 shares in the company, valued at $6,073,643.50. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, October 13th, Guus Paul Wilhelm 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, Guus Paul Wilhelm Franke sold 579,902 shares of Atlantic International stock. The shares were sold at an average price of $0.42, for a total value of $243,558.84.

Atlantic International Stock Up 0.4%

Shares of CIRC traded up $0.00 during midday trading on Thursday, hitting $0.23. The company had a trading volume of 102,609 shares, compared to its average volume of 4,233,994. The stock has a market cap of $26.08 million, a PE ratio of -0.11 and a beta of 0.75. The firm has a 50 day moving average price of $0.48. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. Atlantic International Corp. has a 52 week low of $0.22 and a 52 week high of $4.56.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Atlantic International

Several hedge funds have recently bought and sold shares of CIRC. Bank of New York Mellon Corp acquired a new stake in Atlantic International during the 1st quarter worth about $31,000. State Street Corp acquired a new position in shares of Atlantic International in the 2nd quarter valued at about $145,000. Strs Ohio increased its holdings in shares of 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 purchasing an additional 19,000 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in shares of Atlantic International in the second quarter worth approximately $368,000.

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.