Cornelius Prior, Jr. Sells 500 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of ATN International stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $31.17, for a total value of $15,585.00. Following the transaction, the insider owned 73,936 shares of the company’s stock, valued at $2,304,585.12. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ATN International Stock Down 2.6%

ATNI opened at $31.29 on Wednesday. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $33.41. The stock’s fifty day simple moving average is $25.63 and its 200 day simple moving average is $26.43. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.68. The stock has a market cap of $481.24 million, a PE ratio of 3.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.56.

ATN International Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on ATNI shares. Zacks Research downgraded shares of ATN International from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On ATN International

Several institutional investors and hedge funds have recently bought and sold shares of ATNI. Strs Ohio bought a new position in ATN International in the 1st quarter valued at about $138,000. Meeder Asset Management Inc. bought a new stake in shares of ATN International during the 2nd quarter worth approximately $217,000. Deutsche Bank AG bought a new stake in shares of ATN International during the 2nd quarter worth approximately $262,000. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International during the 4th quarter worth approximately $448,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of ATN International during the 4th quarter worth approximately $479,000. Institutional investors own 65.50% of the company’s stock.

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.