Northern Technologies International Co. (NTIC) Position Reduced by 22Nw LP

22Nw LP lessened its holdings in Northern Technologies International Co. (NASDAQ:NTIC) by 50.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,627 shares of the specialty chemicals company’s stock after selling 32,628 shares during the quarter. 22Nw LP owned approximately 0.72% of Northern Technologies International worth $1,132,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Acadian Asset Management LLC purchased a new position in shares of Northern Technologies International during the second quarter worth about $151,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Northern Technologies International by 70.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 6,439 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 2,651 shares during the last quarter. Manatuck Hill Partners LLC purchased a new position in shares of Northern Technologies International during the second quarter worth about $351,000. Granite Investment Partners LLC purchased a new position in shares of Northern Technologies International during the second quarter worth about $424,000. Finally, Sheets Smith Wealth Management purchased a new position in shares of Northern Technologies International during the second quarter worth about $692,000. 27.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NTIC stock opened at $31.60 on Friday. The stock has a market cap of $145.35 million, a price-to-earnings ratio of 22.10 and a beta of 1.27. Northern Technologies International Co. has a 1 year low of $18.31 and a 1 year high of $41.90.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were issued a dividend of $0.12 per share. This is a positive change from Northern Technologies International’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, November 6th. This represents a $0.48 annualized dividend and a dividend yield of 1.52%. Northern Technologies International’s dividend payout ratio (DPR) is presently 33.57%.

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Northern Technologies International Company 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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