Chicago Capital LLC Lowers Holdings in Northern Technologies International Co. (NASDAQ:NTIC)

Chicago Capital LLC lowered its holdings in Northern Technologies International Co. (NASDAQ:NTIC) by 27.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,000 shares of the specialty chemicals company’s stock after selling 7,430 shares during the period. Chicago Capital LLC’s holdings in Northern Technologies International were worth $270,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp raised its holdings in Northern Technologies International by 12.7% in the 3rd quarter. State Street Corp now owns 84,778 shares of the specialty chemicals company’s stock valued at $1,042,000 after buying an additional 9,554 shares during the period. Stifel Financial Corp boosted its stake 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 worth $350,000 after buying an additional 5,503 shares during the period. BNP Paribas Financial Markets increased its position in shares of Northern Technologies International by 392.7% during the third quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock valued at $172,000 after acquiring an additional 11,128 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Northern Technologies International by 98.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,720 shares of the specialty chemicals company’s stock valued at $144,000 after acquiring an additional 5,828 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Northern Technologies International by 78.4% in the 3rd quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 6,533 shares during the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Stock Performance

Northern Technologies International stock opened at $11.74 on Tuesday. The company has a market capitalization of $111.18 million, a PE ratio of 22.58 and a beta of 0.61. Northern Technologies International Co. has a fifty-two week low of $11.60 and a fifty-two week high of $19.63. The firm has a 50 day moving average price of $13.29 and a 200 day moving average price of $12.98.

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

Northern Technologies International Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.39%. Northern Technologies International’s dividend payout ratio (DPR) is presently 53.85%.

Northern Technologies International Company 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.