Essex Investment Management Co. LLC Has $137,000 Stake in Northern Technologies International Co. (NASDAQ:NTIC)

Essex Investment Management Co. LLC reduced its stake in shares of Northern Technologies International Co. (NASDAQ:NTIC) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,183 shares of the specialty chemicals company’s stock after selling 1,187 shares during the quarter. Essex Investment Management Co. LLC owned approximately 0.11% of Northern Technologies International worth $137,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Northern Technologies International by 98.9% during 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 in the last quarter. Ritholtz Wealth Management acquired a new stake in Northern Technologies International during the fourth quarter valued at $146,000. BNP Paribas Financial Markets grew its stake 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 purchasing an additional 11,128 shares in the last quarter. Barclays PLC increased its position in 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 purchasing an additional 6,533 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Northern Technologies International by 24.0% during the 3rd quarter. Stifel Financial Corp now owns 28,444 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 5,503 shares in the last quarter. 32.88% of the stock is owned by hedge funds and other institutional investors.

Northern Technologies International Price Performance

Shares of Northern Technologies International stock opened at $11.56 on Monday. The stock has a 50-day simple moving average of $12.08 and a 200-day simple moving average of $12.70. Northern Technologies International Co. has a 52-week low of $10.96 and a 52-week high of $19.63. The firm has a market cap of $109.47 million, a price-to-earnings ratio of 22.23 and a beta of 0.52.

Northern Technologies International (NASDAQ:NTIC) last posted its 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 return on equity of 7.48% and a net margin of 5.89%. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.42%. The ex-dividend date was Wednesday, January 29th. Northern Technologies International’s payout ratio is 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.