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

Northern Technologies International Co. (NASDAQ:NTIC) Director Sarah E. Kemp acquired 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was acquired 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 of the company’s stock, valued at approximately $90,432. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Northern Technologies International Trading Up 0.2 %

NASDAQ NTIC opened at $17.39 on Friday. Northern Technologies International Co. has a 12 month low of $10.08 and a 12 month high of $17.55. The stock has a market cap of $163.99 million, a price-to-earnings ratio of 33.44 and a beta of 0.73. The company’s 50 day moving average is $13.93 and its two-hundred day moving average is $12.73.

Northern Technologies International Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Northern Technologies International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penn Mutual Asset Management LLC raised its position in shares of Northern Technologies International by 40.8% during the fourth quarter. Penn Mutual Asset Management LLC now owns 23,860 shares of the specialty chemicals company’s stock valued at $281,000 after buying an additional 6,910 shares during the last quarter. Sheets Smith Wealth Management raised its position in shares of Northern Technologies International by 27.3% during the fourth quarter. Sheets Smith Wealth Management now owns 55,311 shares of the specialty chemicals company’s stock valued at $652,000 after buying an additional 11,877 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Northern Technologies International during the fourth quarter valued at approximately $83,000. Dynamic Advisor Solutions LLC raised its position in shares of Northern Technologies International by 10.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 26,724 shares of the specialty chemicals company’s stock valued at $317,000 after buying an additional 2,634 shares during the last quarter. Finally, Connors Investor Services Inc. bought a new stake in shares of Northern Technologies International during the third quarter valued at approximately $139,000. Institutional investors own 32.88% of the company’s stock.

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.