Global Alpha Capital Holds 6.7% Stake in ATN International
Ticker: ATNI · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 879585
| Field | Detail |
|---|---|
| Company | Atn International, Inc. (ATNI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, stake-disclosure
TL;DR
**Global Alpha Capital owns 6.7% of ATN International, a big institutional vote of confidence.**
AI Summary
Global Alpha Capital Management Ltd. filed an amended Schedule 13G/A on February 8, 2024, disclosing its ownership in ATN International, Inc. As of December 31, 2023, Global Alpha beneficially owned 1,037,679 shares of ATN International's common stock, representing 6.7% of the class. This filing indicates a significant institutional stake, which can be a positive signal for investors as it shows a professional money manager has confidence in the company.
Why It Matters
This filing reveals a major institutional investor's continued significant stake in ATN International, which can influence market perception and potentially provide stability to the stock price.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for other investors.
Analyst Insight
A smart investor would view this significant institutional ownership as a positive indicator, suggesting that professional analysis supports ATN International's value, and might consider further research into the company's fundamentals.
Key Numbers
- 1,037,679 — Shares Beneficially Owned (The total number of ATN International shares Global Alpha Capital Management Ltd. beneficially owned as of December 31, 2023.)
- 6.7% — Percent of Class (The percentage of ATN International's common stock owned by Global Alpha Capital Management Ltd. as of December 31, 2023.)
- 766,994 — Sole Voting Power (The number of shares over which Global Alpha Capital Management Ltd. has sole voting power.)
- December 31, 2023 — Date of Event (The date that triggered the requirement for this filing, indicating the snapshot of ownership.)
- 00215F107 — CUSIP Number (The unique identification number for ATN International, Inc.'s common stock.)
Key Players & Entities
- Global Alpha Capital Management Ltd. (company) — the reporting person and institutional investor
- ATN International, Inc. (company) — the subject company whose shares are being reported
- Montreal, Quebec, Canada (company) — place of organization for Global Alpha Capital Management Ltd.
- 500 Cummings Center, Beverly, MA (company) — business address for ATN International, Inc.
Forward-Looking Statements
- Global Alpha Capital Management Ltd. will maintain a significant stake in ATN International, Inc. for the foreseeable future. (Global Alpha Capital Management Ltd.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing by Global Alpha Capital Management Ltd.?
This SC 13G/A filing is an amendment (Amendment No. 2) to a Schedule 13G, indicating that Global Alpha Capital Management Ltd. is updating its previously reported beneficial ownership of ATN International, Inc. common stock as of December 31, 2023, under Rule 13d-1(b).
How many shares of ATN International, Inc. does Global Alpha Capital Management Ltd. beneficially own, and what percentage of the class does this represent?
As of December 31, 2023, Global Alpha Capital Management Ltd. beneficially owns an aggregate of 1,037,679 shares of ATN International, Inc. common stock, which represents 6.7% of the class.
What are the voting and dispositive powers held by Global Alpha Capital Management Ltd. over these shares?
Global Alpha Capital Management Ltd. holds sole voting power over 766,994 shares and sole dispositive power over 1,037,679 shares. The filing indicates no shared voting or shared dispositive power.
When was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the CUSIP number for ATN International, Inc.'s common stock as stated in the filing?
The CUSIP number for ATN International, Inc.'s common stock is 00215F107.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 8, 2024 regarding ATN International, Inc. (ATNI).