Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells 1,000 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $26.25, for a total value of $26,250.00. Following the transaction, the insider owned 193,000 shares of the company’s stock, valued at $5,066,250. This represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ATN International Stock Performance

NASDAQ:ATNI traded down $0.74 during midday trading on Monday, reaching $27.63. 90,027 shares of the company traded hands, compared to its average volume of 62,900. ATN International, Inc. has a twelve month low of $13.86 and a twelve month high of $30.45. The firm has a market capitalization of $424.95 million, a price-to-earnings ratio of -27.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.54. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 1.16. The company has a fifty day moving average price of $27.29 and a 200 day moving average price of $25.47.

ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. The company had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. On average, analysts expect that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

ATN International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 4.0%. ATN International’s payout ratio is currently -111.11%.

Key ATN International News

Here are the key news stories impacting ATN International this week:

• Negative Sentiment: Cornelius B. Prior, Jr. sold 19,100 shares at an average price of $27.96, reducing his stake by 17.84%. SEC filing
• Negative Sentiment: Additional insider sales followed in multiple smaller transactions in June and May, including sales of 2,000, 6,000, 12,610, 17,500, and other shares, suggesting a sustained pattern of reducing ownership. SEC filing
• Neutral Sentiment: The sales were executed at prices mostly in the $26.25 to $28.30 range, near where the stock has recently been trading, so the transactions may also reflect portfolio rebalancing or profit-taking rather than a fundamental shift. SEC filing

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ATNI. Strs Ohio acquired a new position in ATN International during the 1st quarter worth $138,000. Segall Bryant & Hamill LLC acquired a new position in ATN International during the 4th quarter worth $448,000. Hillsdale Investment Management Inc. acquired a new position in ATN International during the 4th quarter worth $479,000. Ameriprise Financial Inc. boosted its position in ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares during the period. Finally, Marshall Wace LLP boosted its position in ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after acquiring an additional 27,714 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ATNI shares. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ATN International presently has an average rating of “Hold”.

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.