Dynamic Advisor Solutions LLC Acquires 1,100 Shares of Northern Technologies International Co. (NASDAQ:NTIC)

Dynamic Advisor Solutions LLC raised its holdings in shares of Northern Technologies International Co. (NASDAQ:NTIC) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,680 shares of the specialty chemicals company’s stock after purchasing an additional 1,100 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Northern Technologies International were worth $711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Northern Technologies International by 12.7% during the third 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 holdings in Northern Technologies International by 24.0% in the third quarter. Stifel Financial Corp now owns 28,444 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 5,503 shares in the last quarter. BNP Paribas Financial Markets increased its position in Northern Technologies International by 392.7% during the 3rd 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 during the period. Rhumbline Advisers bought a new position in Northern Technologies International in the 2nd quarter worth $114,000. Finally, Ritholtz Wealth Management bought a new position in Northern Technologies International in the 4th quarter worth $146,000. Hedge funds and other institutional investors own 32.88% of the company’s stock.

Northern Technologies International Trading Down 1.5 %

Shares of NTIC opened at $12.06 on Monday. Northern Technologies International Co. has a 1-year low of $11.70 and a 1-year high of $19.63. The firm has a market capitalization of $114.21 million, a price-to-earnings ratio of 23.19 and a beta of 0.62. The firm’s 50-day moving average price is $13.47 and its 200-day moving average price is $13.03.

Northern Technologies International (NASDAQ:NTIC) last posted its earnings results 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 return on equity of 7.48% and a net margin of 5.89%. On average, research analysts forecast that Northern Technologies International Co. will post 0.56 EPS for the current fiscal year.

Northern Technologies International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.32%. The ex-dividend date is Wednesday, January 29th. Northern Technologies International’s dividend payout ratio is currently 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.