ATN International (NASDAQ:ATNI) Major Shareholder Cornelius Prior, Jr. Sells 7,000 Shares

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 7,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $32.55, for a total value of $227,850.00. Following the completion of the transaction, the insider directly owned 66,936 shares in the company, valued at approximately $2,178,766.80. This represents a 9.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Price Performance

NASDAQ ATNI opened at $31.04 on Thursday. The business’s fifty day moving average is $25.74 and its 200 day moving average is $26.49. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.16 and a current ratio of 1.63. The company has a market capitalization of $477.43 million, a PE ratio of 3.02, a price-to-earnings-growth ratio of 4.01 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. Investors of record on Tuesday, June 30th were paid a dividend of $0.29 per share. This is a boost from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. ATN International’s dividend payout ratio is presently 11.28%.

Wall Street Analyst Weigh In

ATNI has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of ATN International in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Trading of ATN International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ATN International in the 2nd quarter worth $739,000. Meeder Asset Management Inc. purchased a new position in shares of ATN International during the second quarter valued at about $217,000. BlackRock Inc. purchased a new position in shares of ATN International during the second quarter valued at about $24,457,000. Deutsche Bank AG bought a new stake in shares of ATN International in the second quarter worth about $262,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of ATN International in the second quarter worth about $3,323,000. 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.