ATN International, Inc. (NASDAQ:ATNI) Chairman Michael T. Prior Purchases 10,000 Shares

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) Chairman Michael T. Prior bought 10,000 shares of the business's stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $19.88 per share, for a total transaction of $198,800.00. Following the completion of the acquisition, the chairman now directly owns 523,026 shares in the company, valued at $10,397,756.88. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

ATN International Price Performance

Shares of NASDAQ:ATNI traded down $0.69 on Tuesday, reaching $19.08. 224,155 shares of the company were exchanged, compared to its average volume of 96,960. ATN International, Inc. has a 1-year low of $18.20 and a 1-year high of $41.03. 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 50-day moving average of $30.17 and a 200-day moving average of $33.08. The firm has a market cap of $295.36 million, a price-to-earnings ratio of -14.68 and a beta of 0.39.

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

ATN International Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Sunday, March 31st were issued a $0.21 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 4.40%. ATN International's dividend payout ratio (DPR) is -73.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATNI. Brown Brothers Harriman & Co. lifted its holdings in ATN International by 1.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company's stock valued at $23,215,000 after purchasing an additional 10,000 shares in the last quarter. Keeley Teton Advisors LLC increased its stake in shares of ATN International by 27.6% during the 4th quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company's stock valued at $751,000 after acquiring an additional 4,163 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 valued at $5,965,000 after acquiring an additional 2,580 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake 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 valued at $76,000 after acquiring an additional 1,625 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of ATN International during the 4th quarter valued at about $44,000. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Raymond James reissued a "strong-buy" rating and issued a $32.00 price objective (down from $40.00) on shares of ATN International in a research note on Friday. BWS Financial reaffirmed a "buy" rating and set a $30.00 price target on shares of ATN International in a research note on Monday.

ATN International Company Profile

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.