Insider Selling: ATN International (NASDAQ:ATNI) Major Shareholder Sells $15,625.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) major shareholder Cornelius Prior, Jr. sold 500 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $31.25, for a total transaction of $15,625.00. Following the transaction, the insider owned 47,165 shares of the company’s stock, valued at approximately $1,473,906.25. This represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ATN International Stock Performance

Shares of NASDAQ ATNI opened at $30.95 on Monday. The company has a market cap of $476.63 million, a P/E ratio of 3.01, a P/E/G ratio of 3.97 and a beta of 0.56. ATN International, Inc. has a 52-week low of $13.86 and a 52-week high of $33.41. 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’s fifty day moving average is $26.42 and its two-hundred day moving average is $26.89.

ATN International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.29 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. ATN International’s dividend payout ratio (DPR) is 11.28%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On ATN International

A number of institutional investors and hedge funds have recently made changes to their positions in ATNI. Legal & General Group Plc bought a new stake in shares of ATN International in the 2nd quarter worth about $25,000. Strs Ohio purchased a new stake in shares of ATN International during the 1st quarter valued at about $138,000. Meeder Asset Management Inc. bought a new position in shares of ATN International in the 2nd quarter valued at about $217,000. Canada Pension Plan Investment Board bought a new position in shares of ATN International in the 2nd quarter valued at about $220,000. Finally, Deutsche Bank AG purchased a new position in ATN International in the second quarter worth about $262,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.