Insider Selling: ATN International, Inc. (ATNI) Insider Sells $407,172.80 in Stock

ATN International, Inc. (NASDAQ:ATNI) insider Michael T. Prior sold 7,355 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $55.36, for a total transaction of $407,172.80. Following the sale, the insider now directly owns 387,247 shares in the company, valued at approximately $21,437,993.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

ATN International, Inc. (NASDAQ ATNI) opened at $55.34 on Monday. The stock has a market cap of $886.38, a PE ratio of 33.54 and a beta of 0.61. The company has a current ratio of 1.93, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19. ATN International, Inc. has a 1 year low of $49.50 and a 1 year high of $87.82.

ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Monday, October 30th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.18. The company had revenue of $122.13 million for the quarter, compared to analysts’ expectations of $123.92 million. ATN International had a negative net margin of 1.93% and a positive return on equity of 3.34%. research analysts forecast that ATN International, Inc. will post -0.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.23%. ATN International’s dividend payout ratio (DPR) is presently -111.47%.

Several hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in shares of ATN International by 5.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 82,729 shares of the technology company’s stock worth $4,360,000 after purchasing an additional 4,461 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of ATN International by 44.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock worth $281,000 after acquiring an additional 1,640 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of ATN International in the 3rd quarter worth about $453,000. River Road Asset Management LLC raised its holdings in shares of ATN International by 16.8% in the 3rd quarter. River Road Asset Management LLC now owns 335,542 shares of the technology company’s stock worth $17,683,000 after acquiring an additional 48,330 shares during the last quarter. Finally, Dean Capital Management raised its holdings in shares of ATN International by 39.6% in the 2nd quarter. Dean Capital Management now owns 40,705 shares of the technology company’s stock worth $2,786,000 after acquiring an additional 11,545 shares during the last quarter. 58.37% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. BidaskClub cut shares of ATN International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of ATN International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet cut shares of ATN International from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. Sidoti cut shares of ATN International from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $73.00 to $57.00 in a research report on Tuesday, October 3rd. Finally, ValuEngine raised shares of ATN International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. ATN International has a consensus rating of “Hold” and an average price target of $57.00.

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About ATN International

ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.

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