Gabelli Funds LLC Purchases New Position in ATN International, Inc. (NASDAQ:ATNI)

Gabelli Funds LLC acquired a new stake in ATN International, Inc. (NASDAQ:ATNI) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 140,828 shares of the technology company’s stock, valued at approximately $2,367,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of ATN International in the fourth quarter worth $62,000. Public Employees Retirement System of Ohio lifted its holdings in ATN International by 43.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock worth $474,000 after purchasing an additional 4,457 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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. Institutional investors own 65.50% of the company’s stock.

Wall Street Analyst Weigh In

ATNI has been the topic of a number of recent analyst reports. StockNews.com raised shares of ATN International from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Raymond James set a $22.00 target price on shares of ATN International in a research note on Thursday, March 6th.

ATN International Price Performance

ATN International stock opened at $17.69 on Friday. The stock has a market cap of $273.86 million, a price-to-earnings ratio of -6.50 and a beta of 0.66. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $19.13 and a 200 day simple moving average of $20.23. ATN International, Inc. has a 52 week low of $14.74 and a 52 week high of $33.72.

ATN International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Monday, March 31st. ATN International’s payout ratio is -45.28%.

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.