Atlantic International (NASDAQ:ATLN) Stock Price Down 8.2% – Here’s What Happened

Shares of Atlantic International Corp. (NASDAQ:ATLN) were down 8.2% during trading on Wednesday . The company traded as low as $0.7703 and last traded at $0.7875. Approximately 327,055 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 263,790 shares. The stock had previously closed at $0.8582.

Wall Street Analyst Weigh In

Several research analysts have commented on ATLN shares. Wall Street Zen raised Atlantic International to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings downgraded Atlantic International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Atlantic International Price Performance

The firm’s fifty day moving average price is $1.86 and its 200-day moving average price is $2.38. The company has a market capitalization of $60.03 million, a price-to-earnings ratio of -0.72 and a beta of 0.73.

Atlantic International (NASDAQ:ATLN) last announced its quarterly earnings results on Wednesday, April 15th. The company reported ($0.49) earnings per share (EPS) for the quarter. The firm had revenue of $120.05 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in shares of Atlantic International in the first quarter valued at approximately $31,000. New York State Common Retirement Fund acquired a new position in shares of Atlantic International in the second quarter valued at approximately $97,000. Deutsche Bank AG increased its holdings in Atlantic International by 232.1% in the fourth quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock valued at $68,000 after purchasing an additional 35,513 shares during the period. Strs Ohio raised its position in Atlantic International by 54.4% during the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock worth $163,000 after purchasing an additional 19,000 shares during the last quarter. Finally, State Street Corp raised its position in Atlantic International by 9.4% during the 4th quarter. State Street Corp now owns 103,859 shares of the company’s stock worth $138,000 after purchasing an additional 8,959 shares during the last quarter.

Atlantic International Company Profile

Atlantic International (NASDAQ: ATLN) is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company’s investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.