Shares are trading at $21.10 marginally under $22.94, the 50 day moving average and which is marginally lower than the 200 day moving average of $21.46. The 50 day moving average was down $-1.84 whereas the 200 day moving average was down $-0.36 or -1.68%. Trading volume for ADTRAN, Inc. was 363K in the last trading session. Shares saw a steep decrease in trading volume of 6.03% under the normal average daily volume.
Short traders are feeling a little more bullish on shares of ADTRAN, Inc. recently if you evaluate the motion in short interest. The firm recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -5.13%. Short shares decreased from 852,594 to 808,827 over that period. Days to cover increased from 2.0 to 4.0 and the percentage of shorted shares is 0.02% as of October 13.
ADTRAN, Inc. (NASDAQ:ADTN) has been the object of insider selling activity recently. Sr VP Quality & Administration Kevin P. Heering disclosed the sale of 9,809 shares of (ADTN). The shares were sold on October 23rd for an average price of $21.60. The Sr VP Quality & Administration now owns $83,786 of the stock per the Form 4 SEC filing. SVP Global Services & Support Raymond R. Schansman sold 48,056 shares at an average price of $21.70 on Fri the 20th. That brings the SVP Global Services & Support’s holdings to $139,054 as reported to the SEC.
Additionally, here are a few investment firms who have increased or decreased their stake in (ADTN). First Trust Advisors Lp downsized its holdings by shedding 2,678 shares a decrease of 5.2% from 06/30/2017 to 09/30/2017. First Trust Advisors Lp currently owns 49,235 shares with a value of $1,182,000. The value of the position overall is up by 10.3%. As of the end of the quarter Nationwide Fund Advisors had acquired a total of 27,942 shares growing its position 14.3%. The value of the investment in (ADTN) increased from $4,041,000 to $5,367,000 a change of $1,326,000 for the reporting period.
Victory Capital Management Inc bolstered its stake by buying 56,668 shares an increase of 1.5% as of 09/30/2017. Victory Capital Management Inc claims 3,890,822 shares valued at $93,379,000. The total value of its holdings increased 17.9%. Aperio Group, LLC divested its investment by selling 459 shares a decrease of 2.7% in the quarter. Aperio Group, LLC now controls 16,241 shares worth $390,000. The total value of its holdings increased 13.0%.
The company is trading down by 0.05% percent from yesterday’s close. Additionally ADTRAN, Inc. recently declared a dividend for shareholders that will be paid on Wednesday November 15th, 2017. The dividend payment will be $0.090 per share for the quarter or $0.36 on an annualized basis. This dividend amount will represent a yield of $1.68. The ex-dividend date is as of Tuesday October 31st, 2017.
The P/E ratio is 23.98 and the market cap is 1.01B. In the last earnings report the EPS was $0.88 and is estimated to be $0.86 for the current year with 47,869,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.15 with next year’s EPS anticipated to be $0.99.
ADTRAN, Inc. (ADTRAN), launched on November 18, 1985, is a provider of networking and communications equipment. The Business’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. The Company operates through two segments: Network Solutions and Services & Support. Its solutions include Access & Aggregation, Customer Devices, and Traditional & Other Products. Its Access & Aggregation solutions are used by communications service providers (CSPs) to connect their network infrastructure to their subscribers. The portfolio of ADTRAN solutions within Access & Aggregation category includes a range of modular or fixed physical form factors designed to deliver the technology and economic fit based on the target subscriber density and environmental conditions. The Access & Aggregation category includes product and service families, such as Total Access 5000 Series Fiber to the Premises (FTTP) and Fiber to the Node (FTTN) Multi-Service Access Nodes (MSAN); hiX 5600 Series fiber aggregation and FTTN MSAN; Fiber to the Distribution Point (FTTdp) Optical Network Units (ONU); GPON, EPON and 10G PON Optical Line Terminals (OLT); SDX Fiber Access network elements; Optical Networking Edge (ONE) aggregation; IP Digital Subscriber Line Access Multiplexers (DSLAMs); Cabinet and Outside-Plant (OSP) enclosures and services, and Other products and services that are generally applicable to Access & Aggregation..