Cornelius Prior, Jr. Sells 5,745 Shares of ATN International (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 5,745 shares of ATN International stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $31.79, for a total transaction of $182,633.55. Following the transaction, the insider owned 58,665 shares of the company’s stock, valued at $1,864,960.35. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ATN International Price Performance

Shares of NASDAQ:ATNI opened at $31.14 on Friday. ATN International, Inc. has a 1-year low of $13.86 and a 1-year high of $33.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59. The business has a fifty day moving average price of $26.37 and a 200-day moving average price of $26.85. The company has a market capitalization of $479.56 million, a PE ratio of 3.03, a PEG ratio of 4.09 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%.

Institutional Trading of ATN International

A number of large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in ATN International during the 2nd quarter worth $24,457,000. Brown Brothers Harriman & Co. boosted its stake in shares of ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after buying an additional 35,394 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in ATN International during the second quarter worth about $3,323,000. Empowered Funds LLC purchased a new position in ATN International during the second quarter valued at approximately $2,481,000. Finally, Gamco Investors INC. ET AL raised its position in ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 10,253 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analysts Set New Price Targets

ATNI has been the subject of a number of recent research reports. Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ATN International in a research report on Friday, August 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus 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.