BNP Paribas Financial Markets Purchases 62,999 Shares of ATN International, Inc. (NASDAQ:ATNI)

BNP Paribas Financial Markets lifted its position in ATN International, Inc. (NASDAQ:ATNI) by 758.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,307 shares of the technology company’s stock after purchasing an additional 62,999 shares during the quarter. BNP Paribas Financial Markets owned about 0.47% of ATN International worth $2,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its position in ATN International by 3.5% during the third quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock worth $20,282,000 after buying an additional 21,347 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of ATN International during the 3rd quarter valued at about $1,789,000. Marshall Wace LLP grew its holdings in shares of ATN International by 24.9% during 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 in the last quarter. Summit Trail Advisors LLC increased its position in shares of ATN International by 26.6% in the second quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock worth $604,000 after purchasing an additional 5,506 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in ATN International in the second quarter valued at approximately $206,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ATNI. StockNews.com lowered shares of ATN International from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BWS Financial reissued a “buy” rating and issued a $30.00 target price on shares of ATN International in a research note on Friday, November 1st.

ATN International Stock Performance

NASDAQ:ATNI opened at $18.79 on Friday. The company has a market capitalization of $283.92 million, a price-to-earnings ratio of -6.91 and a beta of 0.60. The business has a 50 day moving average of $25.48 and a 200 day moving average of $25.23. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15. ATN International, Inc. has a 1-year low of $18.20 and a 1-year high of $39.88.

ATN International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were paid a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.11%. ATN International’s dividend payout ratio (DPR) is -35.29%.

ATN International 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.