Northern Technologies International Co. (NASDAQ:NTIC) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its position in Northern Technologies International Co. (NASDAQ:NTIC) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,258 shares of the specialty chemicals company’s stock after selling 4,142 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.75% of Northern Technologies International worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Sheets Smith Wealth Management grew its stake in shares of Northern Technologies International by 2.4% in the fourth quarter. Sheets Smith Wealth Management now owns 45,951 shares of the specialty chemicals company’s stock valued at $620,000 after buying an additional 1,064 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Northern Technologies International by 2.1% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 52,680 shares of the specialty chemicals company’s stock valued at $711,000 after buying an additional 1,100 shares in the last quarter. Stifel Financial Corp grew its stake in shares of 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 buying an additional 5,503 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Northern Technologies International by 98.9% in the third quarter. JPMorgan Chase & Co. now owns 11,720 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5,828 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Northern Technologies International by 78.4% in the third quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock valued at $182,000 after buying an additional 6,533 shares in the last quarter. 32.88% of the stock is owned by institutional investors and hedge funds.

Northern Technologies International Trading Up 2.0 %

Shares of NASDAQ NTIC opened at $11.27 on Friday. Northern Technologies International Co. has a twelve month low of $10.96 and a twelve month high of $19.63. The stock has a fifty day simple moving average of $11.88 and a 200-day simple moving average of $12.64. The stock has a market capitalization of $106.73 million, a PE ratio of 21.67 and a beta of 0.52.

Northern Technologies International (NASDAQ:NTIC) last released its earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.07 earnings per share (EPS) 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%. On average, equities analysts predict that Northern Technologies International Co. will post 0.56 earnings per share for the current year.

Northern Technologies International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.07 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.48%. Northern Technologies International’s dividend payout ratio (DPR) is presently 53.85%.

About Northern Technologies International

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.