ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior Jr Sells 5,000 Shares

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $27.65, for a total value of $138,250.00. Following the transaction, the insider owned 81,436 shares of the company’s stock, valued at approximately $2,251,705.40. This trade represents a 5.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Down 0.2%

Shares of ATN International stock traded down $0.05 during trading on Wednesday, reaching $26.44. The stock had a trading volume of 79,404 shares, compared to its average volume of 73,209. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $406.65 million, a price-to-earnings ratio of -26.71, a P/E/G ratio of 3.74 and a beta of 0.54. The stock has a fifty day moving average price of $27.18 and a two-hundred day moving average price of $25.87. ATN International, Inc. has a 52 week low of $13.86 and a 52 week high of $30.45.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) earnings per share (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 firm had revenue of $182.22 million for the quarter, compared to the consensus estimate of $183.40 million. Sell-side analysts predict that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

ATN International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. This is an increase from ATN International’s previous quarterly dividend of $0.28. ATN International’s dividend payout ratio (DPR) is -111.11%.

Hedge Funds Weigh In On ATN International

A number of institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in ATN International in the first quarter valued at $138,000. Marshall Wace LLP raised its holdings in shares of ATN International by 137.9% in 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 period. Gamco Investors INC. ET AL raised its holdings in shares of ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after purchasing an additional 10,253 shares during the period. Ameriprise Financial Inc. lifted its stake in 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 purchasing an additional 2,397 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in ATN International by 5.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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