ATN International (NASDAQ:ATNI) Sees Strong Trading Volume

Shares of ATN International, Inc. (NASDAQ:ATNI – Get Rating) saw strong trading volume on Friday . 25,606 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 36,246 shares.The stock last traded at $40.51 and had previously closed at $40.82.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on ATN International in a research note on Thursday. They issued a “hold” rating for the company. Raymond James lowered their price objective on ATN International from $49.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, February 24th.

ATN International Price Performance

The company has a current ratio of 0.99, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61. The stock has a 50-day simple moving average of $45.09 and a two-hundred day simple moving average of $44.14.

ATN International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 7th. Stockholders of record on Friday, March 31st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.14%. ATN International’s dividend payout ratio is presently -125.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATNI. Nisa Investment Advisors LLC grew its stake in ATN International by 274.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 791 shares of the technology company’s stock worth $31,000 after buying an additional 580 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in ATN International by 16.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 2,130 shares of the technology company’s stock worth $82,000 after acquiring an additional 305 shares during the period. SG Americas Securities LLC lifted its position in ATN International by 22.4% during the 4th quarter. SG Americas Securities LLC now owns 3,196 shares of the technology company’s stock worth $145,000 after acquiring an additional 585 shares during the period. Strs Ohio lifted its position in ATN International by 184.2% during the 3rd quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock worth $208,000 after acquiring an additional 3,500 shares during the period. Finally, BNP Paribas Arbitrage SNC lifted its position in ATN International by 60.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,061 shares of the technology company’s stock worth $234,000 after acquiring an additional 2,292 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

About ATN International

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ATN International, Inc engages in investment in communications, energy, and technology businesses. It operates through the following segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers carrier services, including wholesale roaming services, site maintenance, and the leasing of critical network infrastructure.