ATN International (NASDAQ:ATNI) Director Patricia Jacobs Sells 1,000 Shares of Stock

ATN International, Inc. (NASDAQ:ATNI) Director Patricia Jacobs sold 1,000 shares of ATN International stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $31.14, for a total value of $31,140.00. Following the completion of the transaction, the director directly owned 21,458 shares of the company’s stock, valued at approximately $668,202.12. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

ATN International Stock Up 1.1%

ATNI stock traded up $0.35 during mid-day trading on Friday, reaching $31.49. The company had a trading volume of 21,452 shares, compared to its average volume of 74,794. ATN International, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. The firm has a fifty day simple moving average of $26.37 and a 200 day simple moving average of $26.85.

ATN International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were issued 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 annualized dividend and a yield of 3.7%. ATN International’s dividend payout ratio (DPR) is presently 11.28%.

Institutional Trading of ATN International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in ATN International in the 2nd quarter valued at approximately $25,000. Bank of New York Mellon Corp grew its holdings in ATN International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after purchasing an additional 1,132 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after acquiring an additional 2,397 shares in the last quarter. Strs Ohio purchased a new position in shares of ATN International during the 1st quarter worth approximately $138,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of ATN International in the second quarter worth $217,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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