Perritt Capital Management Inc Sells 4,972 Shares of Northern Technologies International Co. (NASDAQ:NTIC)

Perritt Capital Management Inc decreased its holdings in shares of Northern Technologies International Co. (NASDAQ:NTIC) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 198,948 shares of the specialty chemicals company’s stock after selling 4,972 shares during the quarter. Northern Technologies International makes up about 1.4% of Perritt Capital Management Inc’s holdings, making the stock its 14th biggest position. Perritt Capital Management Inc owned approximately 2.10% of Northern Technologies International worth $2,684,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NTIC. JPMorgan Chase & Co. grew its holdings in Northern Technologies International by 98.9% during the third quarter. JPMorgan Chase & Co. now owns 11,720 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 5,828 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Northern Technologies International during the 4th quarter worth $146,000. BNP Paribas Financial Markets grew its stake in Northern Technologies International by 392.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock valued at $172,000 after buying an additional 11,128 shares during the last quarter. Barclays PLC raised its holdings in Northern Technologies International by 78.4% in the 3rd quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 6,533 shares during the period. Finally, Stifel Financial Corp lifted its position in Northern Technologies International by 24.0% during the 3rd quarter. Stifel Financial Corp now owns 28,444 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 5,503 shares during the last quarter. 32.88% of the stock is currently owned by institutional investors.

Northern Technologies International Stock Performance

Shares of NASDAQ:NTIC opened at $10.43 on Wednesday. The stock’s 50-day moving average is $11.35 and its 200-day moving average is $12.47. The company has a market cap of $98.77 million, a P/E ratio of 20.06 and a beta of 0.52. Northern Technologies International Co. has a 52-week low of $10.40 and a 52-week high of $19.63.

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%. As a group, equities analysts predict that Northern Technologies International Co. will post 0.56 EPS 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 paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.68%. The ex-dividend date was Wednesday, January 29th. Northern Technologies International’s 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.