Atlantic International (NASDAQ:ATLN) Announces Quarterly Earnings Results

Atlantic International (NASDAQ:ATLN) announced its quarterly earnings data on Monday. The company reported ($0.44) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $249.89 million for the quarter.

Atlantic International Stock Performance

Shares of NASDAQ ATLN opened at $0.55 on Monday. The firm has a market cap of $41.96 million, a P/E ratio of -0.50 and a beta of 0.73. The business’s 50 day moving average is $1.48 and its 200-day moving average is $2.30. Atlantic International has a 1-year low of $0.51 and a 1-year high of $5.25.

Hedge Funds Weigh In On Atlantic International

A number of hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in shares of Atlantic International by 9.4% during the 4th quarter. State Street Corp now owns 103,859 shares of the company’s stock worth $138,000 after purchasing an additional 8,959 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Atlantic International in the first quarter valued at approximately $31,000. Strs Ohio lifted its holdings in shares of Atlantic International by 54.4% in the first quarter. Strs Ohio now owns 53,900 shares of the company’s stock worth $163,000 after acquiring an additional 19,000 shares during the last quarter. Deutsche Bank AG increased its holdings in Atlantic International by 232.1% in the 4th quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock worth $68,000 after purchasing an additional 35,513 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in Atlantic International in the second quarter valued at about $97,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ATLN shares. Weiss Ratings cut Atlantic International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 19th. Wall Street Zen raised Atlantic International to a “sell” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Atlantic International Company Profile

Atlantic International (NASDAQ: ATLN) is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company’s investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.