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

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 10,000 shares of the business’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 sale, the insider directly owned 47,665 shares in the company, valued at $1,518,606.90. The trade was a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ATN International Trading Up 1.1%

Shares of NASDAQ:ATNI traded up $0.35 during trading on Friday, hitting $31.49. The company had a trading volume of 21,452 shares, compared to its average volume of 74,794. The stock has a market cap of $484.95 million, a price-to-earnings ratio of 3.06, a price-to-earnings-growth ratio of 4.09 and a beta of 0.56. ATN International, Inc. has a one year low of $13.86 and a one year high of $33.41. The company has a fifty day simple moving average of $26.37 and a two-hundred day simple moving average of $26.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59.

ATN International Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from ATN International’s previous quarterly dividend of $0.28. ATN International’s dividend payout ratio is 11.28%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On ATN International

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in ATN International during the 2nd quarter valued at approximately $24,457,000. Bank of New York Mellon Corp purchased a new stake in ATN International during the 2nd quarter valued at about $3,323,000. Empowered Funds LLC acquired a new stake in shares of ATN International during the second quarter worth about $2,481,000. Brown Brothers Harriman & Co. boosted its position in ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ATN International during the 2nd quarter worth about $739,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

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.