ATN International Inc (ATNI) CFO Sells $360,315.06 in Stock

ATN International Inc (NASDAQ:ATNI) CFO Justin D. Benincasa sold 6,106 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $59.01, for a total value of $360,315.06. Following the completion of the sale, the chief financial officer now owns 57,396 shares in the company, valued at approximately $3,386,937.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:ATNI traded up $0.30 on Friday, hitting $60.73. 54,010 shares of the company’s stock were exchanged, compared to its average volume of 107,211. The stock has a market cap of $973.38, a P/E ratio of 27.86 and a beta of 0.48. ATN International Inc has a 1-year low of $49.50 and a 1-year high of $73.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.03 and a current ratio of 2.12.

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ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.87. The business had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $102.81 million. ATN International had a return on equity of 4.38% and a net margin of 6.54%. equities research analysts predict that ATN International Inc will post -0.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Saturday, March 31st were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.12%. ATN International’s dividend payout ratio is currently 31.19%.

ATNI has been the topic of several research analyst reports. TheStreet upgraded ATN International from a “d+” rating to a “c-” rating in a report on Monday, January 8th. BidaskClub cut ATN International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Sidoti raised ATN International from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Monday, January 8th. Finally, ValuEngine cut ATN International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. ATN International has a consensus rating of “Hold” and a consensus target price of $63.50.

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of ATN International by 29.3% during the 4th quarter. SG Americas Securities LLC now owns 6,160 shares of the technology company’s stock worth $340,000 after acquiring an additional 1,396 shares in the last quarter. Rhumbline Advisers boosted its position in shares of ATN International by 7.9% in the 4th quarter. Rhumbline Advisers now owns 31,217 shares of the technology company’s stock valued at $1,725,000 after purchasing an additional 2,296 shares during the period. Alps Advisors Inc. acquired a new stake in shares of ATN International in the 3rd quarter valued at about $453,000. Ameriprise Financial Inc. boosted its position in shares of ATN International by 5.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 82,729 shares of the technology company’s stock valued at $4,360,000 after purchasing an additional 4,461 shares during the period. Finally, River Road Asset Management LLC boosted its position in shares of ATN International by 6.1% in the 4th quarter. River Road Asset Management LLC now owns 356,112 shares of the technology company’s stock valued at $19,679,000 after purchasing an additional 20,570 shares during the period. 62.47% of the stock is owned by institutional investors and hedge funds.

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ATN International Company Profile

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.

Insider Buying and Selling by Quarter for ATN International (NASDAQ:ATNI)

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