Segall Bryant & Hamill LLC Makes New $632,000 Investment in ATN International, Inc. (NASDAQ:ATNI)

Segall Bryant & Hamill LLC purchased a new stake in shares of ATN International, Inc. (NASDAQ:ATNI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,121 shares of the technology company's stock, valued at approximately $632,000. Segall Bryant & Hamill LLC owned approximately 0.20% of ATN International as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ATNI. Gabelli Funds LLC purchased a new stake in ATN International in the 4th quarter worth about $2,367,000. Gamco Investors INC. ET AL raised its position in ATN International by 389.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 65,250 shares of the technology company's stock worth $1,097,000 after purchasing an additional 51,907 shares during the period. Bank of New York Mellon Corp raised its position in ATN International by 26.0% in the 4th quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company's stock worth $2,099,000 after purchasing an additional 25,727 shares during the period. GAMMA Investing LLC increased its stake in ATN International by 1,865.2% in the 1st quarter. GAMMA Investing LLC now owns 23,661 shares of the technology company's stock worth $481,000 after buying an additional 22,457 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in ATN International by 51.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company's stock valued at $712,000 after purchasing an additional 14,344 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company's stock.

ATN International Trading Up 1.5%

Shares of ATNI traded up $0.27 during mid-day trading on Wednesday, reaching $18.73. The stock had a trading volume of 17,109 shares, compared to its average volume of 71,048. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.16 and a quick ratio of 1.11. ATN International, Inc. has a 52-week low of $13.76 and a 52-week high of $33.72. The business's fifty day moving average is $16.09 and its 200 day moving average is $17.15. The firm has a market cap of $285.01 million, a price-to-earnings ratio of -8.11 and a beta of 0.66.

ATN International (NASDAQ:ATNI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.47). ATN International had a positive return on equity of 1.27% and a negative net margin of 4.03%. The company had revenue of $179.29 million for the quarter, compared to analysts' expectations of $178.67 million. On average, sell-side analysts predict that ATN International, Inc. will post -0.73 EPS for the current fiscal year.

ATN International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 30th were paid a $0.275 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a yield of 5.87%. This is an increase from ATN International's previous quarterly dividend of $0.24. ATN International's payout ratio is currently -47.62%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded ATN International from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

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.