Sheets Smith Wealth Management Raises Stock Holdings in Northern Technologies International Co. (NASDAQ:NTIC)

Sheets Smith Wealth Management raised its position in Northern Technologies International Co. (NASDAQ:NTIC) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,951 shares of the specialty chemicals company’s stock after purchasing an additional 1,064 shares during the period. Sheets Smith Wealth Management owned about 0.49% of Northern Technologies International worth $620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Needham Investment Management LLC grew 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 valued at $6,422,000 after buying an additional 107,500 shares during the period. Meros Investment Management LP grew its holdings in Northern Technologies International by 25.2% in the second quarter. Meros Investment Management LP now owns 269,510 shares of the specialty chemicals company’s stock valued at $4,463,000 after purchasing an additional 54,209 shares during the period. Renaissance Technologies LLC increased its position in Northern Technologies International by 32.3% during the second quarter. Renaissance Technologies LLC now owns 135,077 shares of the specialty chemicals company’s stock worth $2,237,000 after purchasing an additional 33,000 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Northern Technologies International by 63.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 75,400 shares of the specialty chemicals company’s stock valued at $927,000 after purchasing an additional 29,400 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Northern Technologies International by 69.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 51,580 shares of the specialty chemicals company’s stock valued at $634,000 after buying an additional 21,135 shares during the period. 32.88% of the stock is currently owned by hedge funds and other institutional investors.

Northern Technologies International Trading Down 3.9 %

Shares of NTIC opened at $12.14 on Thursday. The stock’s fifty day simple moving average is $13.54 and its 200 day simple moving average is $13.11. The firm has a market capitalization of $114.97 million, a P/E ratio of 23.35 and a beta of 0.62. Northern Technologies International Co. has a twelve month low of $11.70 and a twelve month high of $19.63.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings results 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 predict that Northern Technologies International Co. will post 0.56 earnings per share for the current 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 paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend 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.