ATN International (NASDAQ:ATNI) Major Shareholder Sells $54,500.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $27.25, for a total transaction of $54,500.00. Following the sale, the insider directly owned 180,500 shares in the company, valued at $4,918,625. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ATN International Price Performance

ATNI stock traded down $0.74 during midday trading on Monday, reaching $27.63. The company had a trading volume of 90,027 shares, compared to its average volume of 62,900. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $30.45. The company has a market capitalization of $424.95 million, a P/E ratio of -27.91, a P/E/G ratio of 3.83 and a beta of 0.54. The firm has a 50-day moving average price of $27.29 and a 200-day moving average price of $25.47.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The company had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. On average, research analysts anticipate that ATN International, Inc. will post 0.74 earnings per share for the current fiscal year.

ATN International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.10 annualized dividend and a yield of 4.0%. ATN International’s dividend payout ratio is presently -111.11%.

Institutional Trading of ATN International

Several institutional investors have recently bought and sold shares of ATNI. Strs Ohio purchased a new stake in ATN International during the 1st quarter valued at about $138,000. Segall Bryant & Hamill LLC purchased a new stake in ATN International during the 4th quarter valued at about $448,000. Hillsdale Investment Management Inc. purchased a new stake in ATN International during the 4th quarter valued at about $479,000. Ameriprise Financial Inc. grew its position in ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP grew its position in ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after purchasing an additional 27,714 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings raised shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ATN International currently has a consensus rating of “Hold”.

Trending Headlines about ATN International

Here are the key news stories impacting ATN International this week:

• Negative Sentiment: Cornelius B. Prior, Jr. sold 19,100 shares at an average price of $27.96, reducing his stake by 17.84%. SEC filing
• Negative Sentiment: Additional insider sales followed in multiple smaller transactions in June and May, including sales of 2,000, 6,000, 12,610, 17,500, and other shares, suggesting a sustained pattern of reducing ownership. SEC filing
• Neutral Sentiment: The sales were executed at prices mostly in the $26.25 to $28.30 range, near where the stock has recently been trading, so the transactions may also reflect portfolio rebalancing or profit-taking rather than a fundamental shift. SEC filing

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.