Essex Investment Management Co. LLC trimmed its holdings in Northern Technologies International Corp (NASDAQ:NTIC) by 16.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,110 shares of the specialty chemicals company’s stock after selling 3,864 shares during the period. Essex Investment Management Co. LLC’s holdings in Northern Technologies International were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Creative Planning acquired a new position in shares of Northern Technologies International in the 4th quarter valued at $223,000. Accredited Investors Inc. acquired a new position in shares of Northern Technologies International in the 4th quarter valued at $238,000. Quantum Capital Management acquired a new position in shares of Northern Technologies International in the 3rd quarter valued at $305,000. Vanguard Group Inc. increased its holdings in shares of Northern Technologies International by 37.5% in the 2nd quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock valued at $1,656,000 after acquiring an additional 28,300 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Northern Technologies International by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock valued at $2,306,000 after acquiring an additional 800 shares during the period. 25.39% of the stock is currently owned by institutional investors and hedge funds.
Northern Technologies International Corp (NASDAQ NTIC) opened at $22.50 on Friday. The stock has a market cap of $102.34, a price-to-earnings ratio of 24.25 and a beta of 1.20. Northern Technologies International Corp has a 12 month low of $14.95 and a 12 month high of $27.00.
The company also recently disclosed an annual dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, February 6th. This represents a yield of 0.00408163265306122%. Northern Technologies International’s dividend payout ratio is currently 10.75%.
Separately, ValuEngine cut shares of Northern Technologies International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
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Northern Technologies International Company Profile
Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.
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