Northern Technologies International Co. (NASDAQ:NTIC) Shares Sold by Chicago Capital LLC

Chicago Capital LLC decreased its stake in Northern Technologies International Co. (NASDAQ:NTIC) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,000 shares of the specialty chemicals company’s stock after selling 7,430 shares during the quarter. Chicago Capital LLC owned approximately 0.21% of Northern Technologies International worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Northern Technologies International by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 348,700 shares of the specialty chemicals company’s stock worth $5,774,000 after purchasing an additional 11,746 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Northern Technologies International by 69.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 51,580 shares of the specialty chemicals company’s stock worth $634,000 after buying an additional 21,135 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Northern Technologies International by 63.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 75,400 shares of the specialty chemicals company’s stock valued at $927,000 after buying an additional 29,400 shares during the period. BNP Paribas Financial Markets increased its holdings in Northern Technologies International by 392.7% in the third quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock valued at $172,000 after buying an additional 11,128 shares in the last quarter. Finally, Needham Investment Management LLC raised its position in shares of Northern Technologies International by 25.9% in the third quarter. Needham Investment Management LLC now owns 522,500 shares of the specialty chemicals company’s stock worth $6,422,000 after acquiring an additional 107,500 shares during the period. 32.88% of the stock is owned by institutional investors and hedge funds.

Northern Technologies International Stock Down 0.8 %

NASDAQ:NTIC opened at $11.74 on Tuesday. Northern Technologies International Co. has a 52 week low of $11.60 and a 52 week high of $19.63. The stock’s 50-day moving average price is $13.29 and its 200-day moving average price is $12.98. The stock has a market capitalization of $111.18 million, a PE ratio of 22.58 and a beta of 0.61.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings data on Wednesday, January 8th. The specialty chemicals company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). Northern Technologies International had a net margin of 5.89% and a return on equity of 7.48%. Sell-side analysts expect that Northern Technologies International Co. will post 0.56 earnings per share for the current fiscal year.

Northern Technologies International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Wednesday, January 29th. Northern Technologies International’s dividend payout ratio is presently 53.85%.

Northern Technologies International Profile

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.