ATN International, Inc. (NASDAQ:ATNI) Chairman Acquires $198,800.00 in Stock

ATN International, Inc. (NASDAQ:ATNI) Chairman Michael T. Prior purchased 10,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the purchase, the chairman now owns 523,026 shares in the company, valued at $10,397,756.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

ATN International Price Performance

NASDAQ ATNI opened at $21.03 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $29.51 and a 200 day simple moving average of $32.90. The company has a market cap of $325.00 million, a P/E ratio of -16.18 and a beta of 0.50. ATN International, Inc. has a 1 year low of $18.20 and a 1 year high of $41.03.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $198.97 million for the quarter, compared to the consensus estimate of $192.07 million. ATN International had a negative return on equity of 1.17% and a negative net margin of 1.96%. On average, sell-side analysts predict that ATN International, Inc. will post -0.68 EPS for the current year.

ATN International Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Sunday, March 31st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Wednesday, March 27th. ATN International’s dividend payout ratio (DPR) is presently -73.85%.

Institutional Trading of ATN International

Hedge funds have recently bought and sold shares of the stock. Copeland Capital Management LLC bought a new stake in ATN International in the 3rd quarter valued at $27,000. GAMMA Investing LLC bought a new stake in ATN International in the 4th quarter valued at $44,000. Public Employees Retirement System of Ohio boosted its holdings in ATN International by 498.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,625 shares during the period. BNP Paribas Financial Markets boosted its holdings in ATN International by 52.6% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,968 shares during the period. Finally, Keeley Teton Advisors LLC boosted its holdings in ATN International by 14.4% in the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock valued at $477,000 after purchasing an additional 1,903 shares during the period. 65.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ATNI has been the topic of several analyst reports. Raymond James restated a “strong-buy” rating and set a $32.00 price target (down previously from $40.00) on shares of ATN International in a research note on Friday, April 26th. BWS Financial restated a “buy” rating and set a $30.00 price target on shares of ATN International in a research note on Monday.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.