Northern Technologies International Co. (NTIC) Holdings Boosted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in shares of Northern Technologies International Co. (NASDAQ:NTIC) by 70.0% during the third quarter, Holdings Channel reports. The institutional investor owned 6,439 shares of the specialty chemicals company’s stock after acquiring an additional 2,651 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Northern Technologies International were worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Northern Technologies International by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 159,765 shares of the specialty chemicals company’s stock worth $5,720,000 after buying an additional 8,982 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Northern Technologies International by 35.8% during the second quarter. Renaissance Technologies LLC now owns 41,700 shares of the specialty chemicals company’s stock worth $1,493,000 after buying an additional 11,000 shares during the last quarter. FMR LLC bought a new position in Northern Technologies International during the second quarter worth about $1,096,000. Rutabaga Capital Management LLC MA boosted its holdings in Northern Technologies International by 3.7% during the second quarter. Rutabaga Capital Management LLC MA now owns 188,835 shares of the specialty chemicals company’s stock worth $6,760,000 after buying an additional 6,684 shares during the last quarter. Finally, Sheets Smith Wealth Management bought a new position in Northern Technologies International during the second quarter worth about $692,000. Hedge funds and other institutional investors own 28.28% of the company’s stock.

Shares of NTIC opened at $33.78 on Friday. Northern Technologies International Co. has a 1 year low of $17.55 and a 1 year high of $41.90. The stock has a market cap of $153.42 million, a price-to-earnings ratio of 21.24 and a beta of 1.27.

Northern Technologies International (NASDAQ:NTIC) last issued its earnings results on Tuesday, November 13th. The specialty chemicals company reported $0.45 earnings per share (EPS) for the quarter. Northern Technologies International had a return on equity of 13.65% and a net margin of 13.03%. The firm had revenue of $14.74 million for the quarter. On average, sell-side analysts expect that Northern Technologies International Co. will post 2.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. This is a boost from Northern Technologies International’s previous quarterly dividend of $0.10. Northern Technologies International’s dividend payout ratio (DPR) is 33.57%.

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Northern Technologies International Profile

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 and coatings, rust removers and cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

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Institutional Ownership by Quarter for Northern Technologies International (NASDAQ:NTIC)

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