ATN International, Inc. (NASDAQ:ATNI) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its holdings in shares of ATN International, Inc. (NASDAQ:ATNI - Free Report) by 389.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,250 shares of the technology company's stock after purchasing an additional 51,907 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.43% of ATN International worth $1,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATNI. Quantbot Technologies LP purchased a new stake in ATN International in the 4th quarter worth approximately $62,000. Public Employees Retirement System of Ohio increased its holdings in ATN International by 43.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company's stock worth $474,000 after acquiring an additional 4,457 shares in the last quarter. Bank of New York Mellon Corp increased its holdings 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 acquiring an additional 25,727 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new stake in ATN International in the 4th quarter worth approximately $2,367,000. Hedge funds and other institutional investors own 65.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Raymond James set a $22.00 target price on shares of ATN International in a report on Thursday, March 6th. StockNews.com raised shares of ATN International from a "hold" rating to a "buy" rating in a report on Thursday, March 6th.

ATN International Stock Up 0.8 %

Shares of NASDAQ ATNI traded up $0.14 during midday trading on Thursday, reaching $17.39. 7,451 shares of the company's stock traded hands, compared to its average volume of 102,343. 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 stock's 50 day simple moving average is $19.14 and its 200-day simple moving average is $19.92. ATN International, Inc. has a one year low of $14.74 and a one year high of $33.72. The company has a market cap of $269.14 million, a price-to-earnings ratio of -6.39 and a beta of 0.66.

ATN International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued a $0.24 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.52%. ATN International's dividend payout ratio is currently -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.