Vanguard Group Inc Has $5.24 Million Position in Northern Technologies International Co. (NTIC)

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Vanguard Group Inc boosted its position in Northern Technologies International Co. (NASDAQ:NTIC) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150,871 shares of the specialty chemicals company’s stock after purchasing an additional 9,899 shares during the quarter. Vanguard Group Inc’s holdings in Northern Technologies International were worth $5,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in Northern Technologies International by 70.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,439 shares of the specialty chemicals company’s stock valued at $223,000 after purchasing an additional 2,651 shares during the last quarter. Granite Investment Partners LLC raised its stake in Northern Technologies International by 13.5% in the 3rd quarter. Granite Investment Partners LLC now owns 13,449 shares of the specialty chemicals company’s stock valued at $467,000 after purchasing an additional 1,600 shares during the last quarter. FMR LLC acquired a new position in Northern Technologies International in the 2nd quarter valued at about $1,096,000. Westwood Management Corp IL raised its stake in Northern Technologies International by 16.5% in the 3rd quarter. Westwood Management Corp IL now owns 40,772 shares of the specialty chemicals company’s stock valued at $1,415,000 after purchasing an additional 5,772 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Northern Technologies International by 35.8% in the 2nd quarter. Renaissance Technologies LLC now owns 41,700 shares of the specialty chemicals company’s stock valued at $1,493,000 after purchasing an additional 11,000 shares during the last quarter. 29.72% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ NTIC traded down $0.65 on Tuesday, reaching $28.60. 7,580 shares of the company traded hands, compared to its average volume of 12,439. Northern Technologies International Co. has a fifty-two week low of $21.41 and a fifty-two week high of $41.90. The company has a market cap of $129.90 million, a P/E ratio of 20.00 and a beta of 1.21.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings data on Tuesday, January 8th. The specialty chemicals company reported $0.32 EPS for the quarter. Northern Technologies International had a net margin of 13.18% and a return on equity of 14.10%. The company had revenue of $14.09 million during the quarter. On average, analysts expect that Northern Technologies International Co. will post 2.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Wednesday, February 6th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Tuesday, February 5th. Northern Technologies International’s dividend payout ratio is currently 33.57%.

Separately, ValuEngine raised shares of Northern Technologies International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

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Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. 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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Institutional Ownership by Quarter for Northern Technologies International (NASDAQ:NTIC)

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