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 business’s stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average price 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 $90,432. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Northern Technologies International Trading Up 0.2 %

Shares of NASDAQ:NTIC opened at $17.39 on Friday. Northern Technologies International Co. has a twelve month low of $10.08 and a twelve month high of $17.55. The company’s 50 day moving average is $13.93 and its 200 day moving average is $12.73. The company has a market cap of $163.99 million, a PE ratio of 33.44 and a beta of 0.73.

Northern Technologies International Announces Dividend

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

Hedge Funds Weigh In On Northern Technologies International

Several hedge funds and other institutional investors have recently bought and sold shares of NTIC. Ballast Asset Management LP acquired a new stake in Northern Technologies International in the 3rd quarter valued at $2,911,000. Penn Mutual Asset Management LLC purchased a new position in Northern Technologies International in the 3rd quarter valued at $227,000. Sheets Smith Wealth Management lifted its holdings in Northern Technologies International by 27.3% in the 4th quarter. Sheets Smith Wealth Management now owns 55,311 shares of the specialty chemicals company’s stock valued at $652,000 after purchasing an additional 11,877 shares in the last quarter. Connors Investor Services Inc. purchased a new position in Northern Technologies International in the 3rd quarter valued at $139,000. Finally, Victory Capital Management Inc. purchased a new position in Northern Technologies International in the 4th quarter valued at $83,000. Institutional investors and hedge funds own 32.88% of the company’s stock.

Analyst Ratings Changes

NTIC has been the topic of several recent analyst reports. Northland Securities upped their price objective on shares of Northern Technologies International from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, April 12th. TheStreet upgraded shares of Northern Technologies International from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Finally, StockNews.com downgraded shares of Northern Technologies International from a “buy” rating to a “hold” rating in a report on Wednesday.

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.