JPMorgan Chase & Co. Increases Stock Position in Northern Technologies International Co. (NASDAQ:NTIC)

JPMorgan Chase & Co. raised its holdings in shares of Northern Technologies International Co. (NASDAQ:NTIC) by 146.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,869 shares of the specialty chemicals company’s stock after purchasing an additional 17,149 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of Northern Technologies International worth $389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of Northern Technologies International by 471.6% during the 4th quarter. Bank of New York Mellon Corp now owns 86,434 shares of the specialty chemicals company’s stock valued at $1,166,000 after acquiring an additional 71,312 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Northern Technologies International in the fourth quarter worth approximately $146,000. State Street Corp boosted its holdings in Northern Technologies International by 12.7% in the third quarter. State Street Corp now owns 84,778 shares of the specialty chemicals company’s stock worth $1,042,000 after purchasing an additional 9,554 shares during the last quarter. Barclays PLC grew its position 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 purchasing an additional 6,533 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Northern Technologies International by 2.1% during the 4th 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 during the period. Institutional investors own 32.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Northern Technologies International from a “hold” rating to a “sell” rating in a report on Monday, April 14th.

Northern Technologies International Stock Performance

NASDAQ NTIC opened at $7.27 on Friday. The business’s fifty day moving average is $9.67 and its 200 day moving average is $11.78. Northern Technologies International Co. has a fifty-two week low of $6.75 and a fifty-two week high of $19.63. The company has a market capitalization of $68.88 million, a PE ratio of 13.98 and a beta of 0.26.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings data on Thursday, April 10th. The specialty chemicals company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). The company had revenue of $19.07 million for the quarter, compared to analysts’ expectations of $20.20 million. Northern Technologies International had a net margin of 5.89% and a return on equity of 7.48%. During the same period in the previous year, the firm earned $0.17 earnings per share. On average, sell-side analysts forecast that Northern Technologies International Co. will post 0.56 EPS for the current year.

Northern Technologies International Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.55%. Northern Technologies International’s payout ratio is 10.26%.

Northern Technologies International 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.