Perritt Capital Management Inc Has $2.68 Million Holdings in Northern Technologies International Co. (NASDAQ:NTIC)

Perritt Capital Management Inc cut its position in shares of Northern Technologies International Co. (NASDAQ:NTIC) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 198,948 shares of the specialty chemicals company’s stock after selling 4,972 shares during the period. Northern Technologies International accounts for about 1.4% of Perritt Capital Management Inc’s investment portfolio, making the stock its 14th largest holding. Perritt Capital Management Inc’s holdings in Northern Technologies International were worth $2,684,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NTIC. JPMorgan Chase & Co. increased its holdings in Northern Technologies International by 98.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,720 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5,828 shares during the period. State Street Corp boosted its position in shares of Northern Technologies International by 12.7% during the 3rd quarter. State Street Corp now owns 84,778 shares of the specialty chemicals company’s stock valued at $1,042,000 after acquiring an additional 9,554 shares in the last quarter. Stifel Financial Corp increased its stake in Northern Technologies International by 24.0% in the third quarter. Stifel Financial Corp now owns 28,444 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 5,503 shares during the period. BNP Paribas Financial Markets raised its position in Northern Technologies International by 392.7% in the third quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock worth $172,000 after purchasing an additional 11,128 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in 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. 32.88% of the stock is currently owned by institutional investors and hedge funds.

Northern Technologies International Trading Up 0.2 %

NASDAQ NTIC opened at $10.43 on Wednesday. Northern Technologies International Co. has a 1-year low of $10.40 and a 1-year high of $19.63. The company has a market capitalization of $98.77 million, a price-to-earnings ratio of 20.06 and a beta of 0.52. The stock’s 50 day moving average is $11.35 and its two-hundred day moving average is $12.47.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.07 earnings per share 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%. On average, analysts predict that Northern Technologies International Co. will post 0.56 earnings per share for the current year.

Northern Technologies International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Wednesday, January 29th. Northern Technologies International’s dividend payout ratio (DPR) is currently 53.85%.

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.