Michael T. Prior Acquires 10,000 Shares of ATN International, Inc. (NASDAQ:ATNI) Stock

ATN International, Inc. (NASDAQ:ATNI) Chairman Michael T. Prior acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $19.88 per share, for a total transaction of $198,800.00. Following the acquisition, the chairman now directly owns 523,026 shares of the company’s stock, valued at approximately $10,397,756.88. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

ATN International Stock Performance

Shares of NASDAQ ATNI traded down $0.02 during midday trading on Tuesday, reaching $19.75. 96,914 shares of the company traded hands, compared to its average volume of 95,386. The stock’s 50-day simple moving average is $30.17 and its 200-day simple moving average is $33.08. ATN International, Inc. has a 12 month low of $18.20 and a 12 month high of $41.03. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.83.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. The business had revenue of $198.97 million during the quarter, compared to the consensus estimate of $192.07 million. As a group, analysts forecast that ATN International, Inc. will post -0.31 EPS for the current year.

ATN International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Sunday, March 31st were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 4.25%. ATN International’s payout ratio is -73.85%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ATNI. BWS Financial reiterated a “buy” rating and set a $30.00 price target on shares of ATN International in a report on Monday. Raymond James reaffirmed a “strong-buy” rating and issued a $32.00 target price (down from $40.00) on shares of ATN International in a research report on Friday.

Institutional Trading of ATN International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in shares of ATN International during the 3rd quarter worth about $27,000. GAMMA Investing LLC acquired a new position in shares of ATN International during the 4th quarter worth about $44,000. Public Employees Retirement System of Ohio grew its position in shares of ATN International by 498.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after buying an additional 1,625 shares during the period. Keeley Teton Advisors LLC grew its position in shares of ATN International by 14.4% during the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock worth $477,000 after buying an additional 1,903 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of ATN International by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock worth $5,965,000 after buying an additional 2,580 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.