ATN International (NASDAQ:ATNI) Director Patricia Jacobs Sells 1,500 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) Director Patricia Jacobs sold 1,500 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $30.04, for a total transaction of $45,060.00. Following the completion of the sale, the director owned 19,958 shares in the company, valued at $599,538.32. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Patricia Jacobs also recently made the following trade(s):

• On Thursday, August 20th, Patricia Jacobs sold 1,000 shares of ATN International stock. The stock was sold at an average price of $31.14, for a total transaction of $31,140.00.

ATN International Stock Performance

Shares of ATNI stock opened at $30.91 on Thursday. The company has a market cap of $476.11 million, a P/E ratio of 3.01, a PEG ratio of 3.86 and a beta of 0.59. The firm has a fifty day moving average price of $27.07 and a 200 day moving average price of $27.13. 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 12 month low of $13.86 and a 12 month high of $33.41.

ATN International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.29 per share. This is a positive change from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. ATN International’s dividend payout ratio (DPR) is presently 11.28%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ATN International has a consensus rating of “Hold”.

Institutional Investors Weigh In On ATN International

A number of institutional investors and hedge funds have recently bought and sold shares of ATNI. BlackRock Inc. acquired a new position in ATN International in the second quarter valued at $24,457,000. Bank of New York Mellon Corp acquired a new stake in shares of ATN International during the second quarter worth about $3,323,000. Empowered Funds LLC purchased a new stake in shares of ATN International in the 2nd quarter valued at about $2,481,000. Brown Brothers Harriman & Co. lifted its holdings in shares of 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. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ATN International in the 2nd quarter valued at about $739,000. 65.50% of the stock is owned by hedge funds and other 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.