Cornelius Prior, Jr. Sells 10,000 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $31.86, for a total value of $318,600.00. Following the transaction, the insider owned 47,665 shares of the company’s stock, valued at approximately $1,518,606.90. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

ATN International Trading Down 0.6%

Shares of ATN International stock opened at $30.95 on Friday. ATN International, Inc. has a 1 year low of $13.86 and a 1 year high of $33.41. The company’s fifty day simple moving average is $26.42 and its 200-day simple moving average is $26.88. The company has a market cap of $476.63 million, a price-to-earnings ratio of 3.01, a PEG ratio of 3.97 and a beta of 0.56. 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 Increases Dividend

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

Institutional Investors Weigh In On ATN International

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in ATN International in the 2nd quarter valued at $24,457,000. Bank of New York Mellon Corp bought a new position in shares of ATN International during the 2nd quarter worth about $3,323,000. Empowered Funds LLC bought a new position in shares of ATN International during the 2nd quarter worth about $2,481,000. Brown Brothers Harriman & Co. lifted its holdings in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after acquiring an additional 35,394 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ATN International during the 2nd quarter valued at about $739,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ATNI shares. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of ATN International in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International 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.