Northern Technologies International (NASDAQ:NTIC) Shares Scheduled to Split on Monday, July 1st

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Northern Technologies International Co. (NASDAQ:NTIC) shares are going to split on Monday, July 1st. The 2-1 split was announced on Monday, June 3rd. The newly minted shares will be distributed to shareholders after the market closes on Friday, June 28th.

Shares of NASDAQ:NTIC opened at $24.88 on Friday. The firm has a market cap of $106.63 million, a PE ratio of 17.40 and a beta of 1.04. Northern Technologies International has a 1 year low of $23.25 and a 1 year high of $41.90.

Northern Technologies International (NASDAQ:NTIC) last posted its earnings results on Friday, April 5th. The specialty chemicals company reported $0.30 earnings per share for the quarter. Northern Technologies International had a return on equity of 12.70% and a net margin of 13.04%. The company had revenue of $13.32 million for the quarter. On average, analysts predict that Northern Technologies International will post 1.75 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, May 8th. Northern Technologies International’s dividend payout ratio is 33.57%.

A number of hedge funds have recently bought and sold shares of NTIC. Vanguard Group Inc. lifted its holdings in Northern Technologies International by 7.0% in the third quarter. Vanguard Group Inc. now owns 150,871 shares of the specialty chemicals company’s stock valued at $5,235,000 after acquiring an additional 9,899 shares during the period. Quantum Capital Management lifted its holdings in Northern Technologies International by 10.5% in the fourth quarter. Quantum Capital Management now owns 49,737 shares of the specialty chemicals company’s stock valued at $1,472,000 after acquiring an additional 4,722 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Northern Technologies International by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 172,473 shares of the specialty chemicals company’s stock valued at $5,103,000 after acquiring an additional 1,773 shares during the period. Bank of America Corp DE bought a new position in Northern Technologies International in the fourth quarter valued at about $204,000. Finally, FMR LLC lifted its holdings in Northern Technologies International by 100.8% in the fourth quarter. FMR LLC now owns 73,719 shares of the specialty chemicals company’s stock valued at $2,181,000 after acquiring an additional 37,015 shares during the period. 31.58% of the stock is currently owned by institutional investors.

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About Northern Technologies International

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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