Dynamic Advisor Solutions LLC Boosts Holdings in Northern Technologies International Corporation (NASDAQ:NTIC)

Dynamic Advisor Solutions LLC increased its stake in Northern Technologies International Corporation (NASDAQ:NTIC) by 9.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,719 shares of the specialty chemicals company’s stock after buying an additional 5,039 shares during the period. Dynamic Advisor Solutions LLC owned about 0.61% of Northern Technologies International worth $601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Northern Technologies International by 471.6% during the fourth quarter. Bank of New York Mellon Corp now owns 86,434 shares of the specialty chemicals company’s stock worth $1,166,000 after purchasing an additional 71,312 shares during the period. JPMorgan Chase & Co. raised its position in shares of Northern Technologies International by 146.3% during the 4th quarter. JPMorgan Chase & Co. now owns 28,869 shares of the specialty chemicals company’s stock worth $389,000 after purchasing an additional 17,149 shares during the period. Manatuck Hill Partners LLC bought a new stake in shares of Northern Technologies International in the 4th quarter worth approximately $139,000. Needham Investment Management LLC boosted its position in Northern Technologies International by 0.6% during the 4th quarter. Needham Investment Management LLC now owns 525,500 shares of the specialty chemicals company’s stock valued at $7,089,000 after purchasing an additional 3,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Northern Technologies International by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 341,596 shares of the specialty chemicals company’s stock valued at $4,608,000 after purchasing an additional 2,569 shares during the period. Institutional investors own 32.88% of the company’s stock.

Northern Technologies International Stock Up 0.4%

Shares of NASDAQ:NTIC opened at $7.20 on Thursday. The company’s 50-day moving average price is $7.29 and its 200 day moving average price is $10.41. The company has a market cap of $68.18 million, a PE ratio of 18.46 and a beta of 0.29. Northern Technologies International Corporation has a fifty-two week low of $6.75 and a fifty-two week high of $17.05.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings results on Thursday, April 10th. The specialty chemicals company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). Northern Technologies International had a net margin of 4.51% and a return on equity of 4.59%. The business had revenue of $19.07 million for the quarter, compared to analyst estimates of $20.20 million. During the same period last year, the business posted $0.17 earnings per share. As a group, equities analysts anticipate that Northern Technologies International Corporation will post 0.56 EPS for the current year.

Northern Technologies International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Wednesday, April 30th. Northern Technologies International’s dividend payout ratio is presently 10.26%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Northern Technologies International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th.

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.