Gabelli Funds LLC Takes $2.37 Million Position in ATN International, Inc. (NASDAQ:ATNI)

Gabelli Funds LLC bought a new stake in ATN International, Inc. (NASDAQ:ATNI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 140,828 shares of the technology company's stock, valued at approximately $2,367,000. Gabelli Funds LLC owned approximately 0.93% of ATN International at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in ATN International during the 4th quarter valued at about $62,000. Public Employees Retirement System of Ohio boosted its position in shares of ATN International by 43.7% in the third quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company's stock worth $474,000 after buying an additional 4,457 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of ATN International by 26.0% in the fourth quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company's stock worth $2,099,000 after buying an additional 25,727 shares during the period. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Raymond James set a $22.00 price objective on ATN International in a research note on Thursday, March 6th. StockNews.com upgraded ATN International from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th.

ATN International Stock Performance

Shares of NASDAQ ATNI traded up $0.14 during mid-day trading on Thursday, reaching $17.39. 7,451 shares of the company's stock were exchanged, compared to its average volume of 102,343. ATN International, Inc. has a 52 week low of $14.74 and a 52 week high of $33.72. The firm has a 50-day moving average price of $19.14 and a two-hundred day moving average price of $19.92. The firm has a market capitalization of $269.14 million, a price-to-earnings ratio of -6.39 and a beta of 0.66. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend 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 presently -45.28%.

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.