Bank of New York Mellon Corp raised its position in Northern Technologies International Co. (NASDAQ:NTIC - Free Report) by 471.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,434 shares of the specialty chemicals company's stock after acquiring an additional 71,312 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.91% of Northern Technologies International worth $1,166,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of Northern Technologies International by 392.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company's stock worth $172,000 after acquiring an additional 11,128 shares during the last quarter. Needham Investment Management LLC raised its holdings in Northern Technologies International by 25.9% in the 3rd quarter. Needham Investment Management LLC now owns 522,500 shares of the specialty chemicals company's stock worth $6,422,000 after purchasing an additional 107,500 shares during the period. Stifel Financial Corp lifted its position in Northern Technologies International by 24.0% during the third quarter. Stifel Financial Corp now owns 28,444 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 5,503 shares in the last quarter. State Street Corp lifted its position in Northern Technologies International by 12.7% during the third quarter. State Street Corp now owns 84,778 shares of the specialty chemicals company's stock valued at $1,042,000 after purchasing an additional 9,554 shares in the last quarter. Finally, Barclays PLC grew its holdings in Northern Technologies International by 78.4% during the third quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company's stock valued at $182,000 after purchasing an additional 6,533 shares during the period. 32.88% of the stock is owned by hedge funds and other institutional investors.
Northern Technologies International Stock Down 3.9 %
NTIC traded down $0.42 during midday trading on Friday, reaching $10.42. The company had a trading volume of 43,137 shares, compared to its average volume of 33,196. Northern Technologies International Co. has a 1 year low of $10.42 and a 1 year high of $19.63. The company has a market cap of $98.68 million, a P/E ratio of 20.04 and a beta of 0.52. The business has a 50-day moving average of $11.49 and a two-hundred day moving average of $12.50.
Northern Technologies International (NASDAQ:NTIC - Get Free Report) last released its earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). Northern Technologies International had a return on equity of 7.48% and a net margin of 5.89%. On average, equities research analysts predict that Northern Technologies International Co. will post 0.56 EPS for the current year.
Northern Technologies International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.69%. Northern Technologies International's payout ratio is 53.85%.
About Northern Technologies International
(
Free Report)
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.
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