Atlantic International (NASDAQ:CIRC) CEO Sells $68,193.66 in Stock

Atlantic International Corp. (NASDAQ:CIRC) CEO Paul Franke sold 179,457 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $0.38, for a total value of $68,193.66. Following the sale, the chief executive officer directly owned 11,387,928 shares of the company’s stock, valued at approximately $4,327,412.64. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 value of $243,558.84.
• On Tuesday, September 15th, Paul Franke sold 60,000 shares of Atlantic International stock. The stock was sold at an average price of $0.50, for a total value of $30,000.00.

Atlantic International Trading Up 22.0%

NASDAQ CIRC opened at $0.29 on Friday. The business’s 50-day moving average is $0.47. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. The firm has a market cap of $33.29 million, a P/E ratio of -0.14 and a beta of 0.75. Atlantic International Corp. has a 1 year low of $0.21 and a 1 year high of $4.56.

Atlantic International (NASDAQ:CIRC) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.98) EPS for the quarter. The business had revenue of $319.81 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Atlantic International in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Institutional Trading of Atlantic International

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

About Atlantic International

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.