Atlantic International (NASDAQ:CIRC) CEO Guus Paul Wilhelm Franke Sells 60,000 Shares of Stock

Atlantic International Corp. (NASDAQ:CIRC) CEO Paul Franke sold 60,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $0.50, for a total transaction of $30,000.00. Following the transaction, the chief executive officer owned 12,147,287 shares in the company, valued at approximately $6,073,643.50. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Guus Paul Wilhelm Franke also recently made the following trade(s):

• On Tuesday, October 13th, Paul Franke sold 179,457 shares of Atlantic International stock. The stock was sold at an average price of $0.38, for a total transaction of $68,193.66.
• On Monday, September 21st, Paul Franke sold 579,902 shares of Atlantic International stock. The stock was sold at an average price of $0.42, for a total transaction of $243,558.84.

Atlantic International Stock Up 5.1%

Atlantic International stock opened at $0.24 on Friday. The business’s fifty day moving average is $0.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $27.30 million, a price-to-earnings ratio of -0.11 and a beta of 0.75. Atlantic International Corp. has a twelve month low of $0.22 and a twelve month high of $4.56.

Atlantic International (NASDAQ:CIRC) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.98) earnings per share (EPS) for the quarter. The firm had revenue of $319.81 million during the quarter.

Hedge Funds Weigh In On Atlantic International

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in Atlantic International during the 1st quarter worth approximately $31,000. Strs Ohio increased its stake in Atlantic International by 54.4% during the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after purchasing an additional 19,000 shares in the last quarter. State Street Corp acquired a new position in Atlantic International during the 2nd quarter valued at approximately $145,000. Finally, HighTower Advisors LLC purchased a new position in shares of Atlantic International in the second quarter worth $368,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlantic International in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Atlantic International Company Profile

Atlantic International Corp., through its subsidiaries, operates as a staffing company servicing the commercial, professional, finance, direct placement, and managed service provider verticals. The company specializes in permanent, temporary, and temporary-to-permanent placement services in various areas, including accounting and finance, administrative and clerical, hospitality, information technology, legal, light industrial, and medical fields. It also provides productivity consulting and workforce management solutions.