ATN International (NASDAQ:ATNI) Director Sells $31,140.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) Director Patricia Jacobs sold 1,000 shares of ATN International stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $31.14, for a total transaction of $31,140.00. Following the sale, the director owned 21,458 shares in the company, valued at $668,202.12. This represents a 4.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ATN International Stock Performance

NASDAQ ATNI opened at $30.95 on Monday. The stock has a market cap of $476.63 million, a P/E ratio of 3.01, a PEG ratio of 3.97 and a beta of 0.56. The company’s fifty day simple moving average is $26.42 and its 200-day simple moving average is $26.89. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. ATN International, Inc. has a 52 week low of $13.86 and a 52 week high of $33.41.

ATN International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from ATN International’s previous quarterly dividend of $0.28. ATN International’s dividend payout ratio is currently 11.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings raised ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new stake in shares of ATN International in the 2nd quarter worth about $25,000. Strs Ohio bought a new position in shares of ATN International during the first quarter worth about $138,000. Meeder Asset Management Inc. bought a new position in shares of ATN International during the second quarter worth about $217,000. Canada Pension Plan Investment Board acquired a new position in ATN International in the second quarter worth about $220,000. Finally, Deutsche Bank AG acquired a new position in ATN International in the second quarter worth about $262,000. 65.50% of the stock is currently owned by institutional investors.

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.