BWS Financial Reaffirms Buy Rating for ATN International (NASDAQ:ATNI)

BWS Financial reaffirmed their buy rating on shares of ATN International (NASDAQ:ATNI) in a report issued on Friday morning, Benzinga reports. BWS Financial currently has a $30.00 target price on the technology company’s stock.

Separately, StockNews.com downgraded shares of ATN International from a “buy” rating to a “hold” rating in a report on Thursday.

ATN International Price Performance

NASDAQ:ATNI opened at $20.55 on Friday. ATN International has a 52-week low of $18.20 and a 52-week high of $39.88. The business’s fifty day moving average is $29.77 and its 200 day moving average is $25.96. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.95.

ATN International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were issued a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 annualized dividend and a dividend yield of 4.67%. ATN International’s payout ratio is currently -35.29%.

Institutional Investors Weigh In On ATN International

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of ATN International by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 5,692 shares of the technology company’s stock valued at $184,000 after acquiring an additional 2,352 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of ATN International in the third quarter worth approximately $113,000. Marshall Wace LLP increased its position in shares of ATN International by 24.9% in the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock worth $879,000 after purchasing an additional 7,694 shares during the last quarter. Gabelli Funds LLC purchased a new stake in ATN International in the second quarter valued at approximately $206,000. Finally, Summit Trail Advisors LLC lifted its position in ATN International by 26.6% during the second quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after purchasing an additional 5,506 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

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.