Key Points
- Director Patricia Jacobs sold 1,500 ATN International shares at an average price of $30.04, generating $45,060. Following the sale, her holdings fell 6.99% to 19,958 shares.
- ATN International increased its quarterly dividend to $0.29 per share, or $1.16 annually, representing a 3.8% yield and an 11.28% payout ratio.
- The stock was recently trading at $30.91, near its 12-month high, while institutional investors and hedge funds owned 65.5% of shares. Analysts’ consensus rating remained “Hold,” despite some recent rating upgrades.
ATN International, Inc. (NASDAQ:ATNI - Get Free Report) Director Patricia Jacobs sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $30.04, for a total transaction of $45,060.00. Following the transaction, the director owned 19,958 shares in the company, valued at approximately $599,538.32. This trade represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Patricia Jacobs also recently made the following trade(s):
- On Thursday, August 20th, Patricia Jacobs sold 1,000 shares of ATN International stock. The shares were sold at an average price of $31.14, for a total transaction of $31,140.00.
ATN International Stock Up 2.6%
ATNI stock opened at $30.91 on Thursday. The company has a market cap of $476.11 million, a price-to-earnings ratio of 3.01, a price-to-earnings-growth ratio of 3.86 and a beta of 0.59. The company has a fifty day moving average price of $27.07 and a 200 day moving average price of $27.13. 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, Inc. has a 12 month low of $13.86 and a 12 month high of $33.41.
ATN International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were paid a $0.29 dividend. This is a boost from ATN International's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, June 30th. ATN International's dividend payout ratio (DPR) is presently 11.28%.
Hedge Funds Weigh In On ATN International
Institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. purchased a new position in ATN International during the 4th quarter worth $479,000. Empowered Funds LLC acquired a new stake in shares of ATN International in the 2nd quarter worth $2,481,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ATN International in the second quarter valued at about $739,000. BlackRock Inc. purchased a new stake in shares of ATN International in the second quarter valued at about $24,457,000. Finally, California State Teachers Retirement System increased its stake in shares of ATN International by 590.7% during the second quarter. California State Teachers Retirement System now owns 3,709 shares of the technology company's stock worth $98,000 after acquiring an additional 3,172 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on ATNI shares. Weiss Ratings upgraded shares of ATN International from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Wall Street Zen upgraded ATN International from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Zacks Research raised ATN International from a "strong sell" rating to a "hold" rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".
Check Out Our Latest Research Report on ATN International
About ATN International
(
Get Free Report)
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.
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