Northern Technologies International Co. (NASDAQ:NTIC) Director Acquires $20,017.50 in Stock

Northern Technologies International Co. (NASDAQ:NTIC) Director Sarah E. Kemp bought 1,275 shares of Northern Technologies International stock in a transaction that occurred on Tuesday, April 23rd. The shares were acquired at an average price of $15.70 per share, with a total value of $20,017.50. Following the acquisition, the director now directly owns 5,760 shares of the company’s stock, valued at approximately $90,432. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Northern Technologies International Trading Down 0.5 %

Shares of NTIC opened at $17.31 on Friday. The company’s fifty day simple moving average is $13.99 and its 200 day simple moving average is $12.76. Northern Technologies International Co. has a 1-year low of $10.08 and a 1-year high of $17.55. The company has a market cap of $163.23 million, a price-to-earnings ratio of 33.29 and a beta of 0.73.

Northern Technologies International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. Northern Technologies International’s dividend payout ratio is presently 53.85%.

Institutional Investors Weigh In On Northern Technologies International

Institutional investors and hedge funds have recently modified their holdings of the company. CENTRAL TRUST Co acquired a new position in Northern Technologies International during the third quarter worth approximately $44,000. Victory Capital Management Inc. bought a new position in shares of Northern Technologies International during the 4th quarter worth approximately $83,000. Connors Investor Services Inc. acquired a new position in shares of Northern Technologies International during the 3rd quarter worth approximately $139,000. Penn Mutual Asset Management LLC acquired a new position in shares of Northern Technologies International during the 3rd quarter worth approximately $227,000. Finally, Acadian Asset Management LLC raised its stake in Northern Technologies International by 30.6% in the 3rd quarter. Acadian Asset Management LLC now owns 20,116 shares of the specialty chemicals company’s stock valued at $267,000 after acquiring an additional 4,712 shares during the period. 32.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Northland Securities increased their price objective on shares of Northern Technologies International from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. TheStreet raised Northern Technologies International from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Finally, StockNews.com downgraded Northern Technologies International from a “buy” rating to a “hold” rating in a research note on Wednesday.

About Northern Technologies International

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.