Stifel Financial Corp Boosts Holdings in Northern Technologies International Co. (NASDAQ:NTIC)

Stifel Financial Corp boosted its holdings in Northern Technologies International Co. (NASDAQ:NTIC) by 24.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,444 shares of the specialty chemicals company’s stock after purchasing an additional 5,503 shares during the quarter. Stifel Financial Corp owned approximately 0.30% of Northern Technologies International worth $350,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NTIC. Needham Investment Management LLC boosted its position in shares of Northern Technologies International by 25.9% during the third quarter. Needham Investment Management LLC now owns 522,500 shares of the specialty chemicals company’s stock worth $6,422,000 after acquiring an additional 107,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Northern Technologies International by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 348,700 shares of the specialty chemicals company’s stock worth $5,774,000 after purchasing an additional 11,746 shares in the last quarter. Meros Investment Management LP lifted its stake in Northern Technologies International by 25.2% in the 2nd quarter. Meros Investment Management LP now owns 269,510 shares of the specialty chemicals company’s stock worth $4,463,000 after purchasing an additional 54,209 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Northern Technologies International by 32.3% during the 2nd quarter. Renaissance Technologies LLC now owns 135,077 shares of the specialty chemicals company’s stock valued at $2,237,000 after purchasing an additional 33,000 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Northern Technologies International by 63.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 75,400 shares of the specialty chemicals company’s stock worth $927,000 after purchasing an additional 29,400 shares during the last quarter. 32.88% of the stock is owned by hedge funds and other institutional investors.

Northern Technologies International Trading Down 7.5 %

NASDAQ:NTIC opened at $13.02 on Friday. The company has a market capitalization of $123.30 million, a P/E ratio of 23.67 and a beta of 0.63. The business’s 50-day moving average is $13.42 and its 200 day moving average is $13.53. Northern Technologies International Co. has a 12 month low of $11.24 and a 12 month high of $19.63.

Northern Technologies International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.15%. Northern Technologies International’s dividend payout ratio is currently 50.91%.

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.