Atlantic International (NASDAQ:CIRC) CEO Guus Paul Wilhelm Franke Sells 179,457 Shares of Company Stock

Atlantic International Corp. (NASDAQ:CIRC) CEO Paul Franke sold 179,457 shares of the business’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $0.38, for a total transaction of $68,193.66. Following the transaction, the chief executive officer owned 11,387,928 shares in the company, valued at $4,327,412.64. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Guus Paul Wilhelm Franke also recently made the following trade(s):

• On Monday, September 21st, Paul Franke sold 579,902 shares of Atlantic International stock. The shares were sold at an average price of $0.42, for a total transaction of $243,558.84.
• On Tuesday, September 15th, Paul Franke sold 60,000 shares of Atlantic International stock. The shares were sold at an average price of $0.50, for a total transaction of $30,000.00.

Atlantic International Trading Up 5.1%

CIRC stock opened at $0.24 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.39 and a current ratio of 0.39. The company has a 50-day simple moving average of $0.47. Atlantic International Corp. has a 12 month low of $0.22 and a 12 month high of $4.56. The firm has a market cap of $27.30 million, a P/E ratio of -0.11 and a beta of 0.75.

Atlantic International (NASDAQ:CIRC) last issued its earnings results on Wednesday, August 19th. The company reported ($0.98) earnings per share for the quarter. The firm had revenue of $319.81 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp purchased a new stake in shares of Atlantic International in the second quarter valued at about $145,000. HighTower Advisors LLC acquired a new stake in Atlantic International during the second quarter worth about $368,000. Bank of New York Mellon Corp purchased a new position in Atlantic International during the first quarter worth about $31,000. Finally, Strs Ohio raised its stake in Atlantic International by 54.4% during the first quarter. Strs Ohio now owns 53,900 shares of the company’s stock worth $163,000 after purchasing an additional 19,000 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlantic International in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Atlantic International Company Profile

Atlantic International Corp., through its subsidiaries, operates as a staffing company servicing the commercial, professional, finance, direct placement, and managed service provider verticals. The company specializes in permanent, temporary, and temporary-to-permanent placement services in various areas, including accounting and finance, administrative and clerical, hospitality, information technology, legal, light industrial, and medical fields. It also provides productivity consulting and workforce management solutions.