Northern Technologies International Co. (NASDAQ:NTIC) Director Sarah E. Kemp Acquires 1,275 Shares of Stock

Northern Technologies International Co. (NASDAQ:NTIC) Director Sarah E. Kemp bought 1,275 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average cost of $15.70 per share, for a total transaction of $20,017.50. Following the acquisition, the director now owns 5,760 shares in the company, valued at approximately $90,432. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Northern Technologies International Stock Up 6.9 %

Northern Technologies International stock opened at $17.35 on Thursday. The stock has a 50-day simple moving average of $13.86 and a 200 day simple moving average of $12.70. The stock has a market capitalization of $163.61 million, a price-to-earnings ratio of 33.37 and a beta of 0.73. Northern Technologies International Co. has a 12-month low of $10.08 and a 12-month high of $17.55.

Northern Technologies International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, April 30th. Northern Technologies International’s payout ratio is presently 53.85%.

Hedge Funds Weigh In On Northern Technologies International

A number of large investors have recently modified their holdings of the stock. Sheets Smith Wealth Management increased its holdings in shares of Northern Technologies International by 2.7% in the third quarter. Sheets Smith Wealth Management now owns 43,434 shares of the specialty chemicals company’s stock valued at $581,000 after purchasing an additional 1,133 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Northern Technologies International by 10.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 26,724 shares of the specialty chemicals company’s stock worth $317,000 after buying an additional 2,634 shares in the last quarter. CENTRAL TRUST Co bought a new position in Northern Technologies International in the 3rd quarter valued at $44,000. Diamond Hill Capital Management Inc. increased its stake in shares of Northern Technologies International by 11.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 38,000 shares of the specialty chemicals company’s stock valued at $508,000 after buying an additional 4,000 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Northern Technologies International by 30.6% during the third quarter. Acadian Asset Management LLC now owns 20,116 shares of the specialty chemicals company’s stock worth $267,000 after acquiring an additional 4,712 shares during the last quarter. 32.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Northern Technologies International from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet raised Northern Technologies International from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Finally, Northland Securities increased their price target on Northern Technologies International from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th.

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.