State Street Corp Purchases 9,554 Shares of Northern Technologies International Co. (NASDAQ:NTIC)

State Street Corp increased its holdings in Northern Technologies International Co. (NASDAQ:NTIC) by 12.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,778 shares of the specialty chemicals company’s stock after purchasing an additional 9,554 shares during the quarter. State Street Corp owned approximately 0.90% of Northern Technologies International worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NTIC. BNP Paribas Financial Markets lifted its holdings in Northern Technologies International by 392.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock worth $172,000 after buying an additional 11,128 shares during the period. Rhumbline Advisers purchased a new stake in Northern Technologies International in the second quarter worth $114,000. Stifel Financial Corp boosted its holdings 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 in the last quarter. Panagora Asset Management Inc. purchased a new position in Northern Technologies International during the 2nd quarter valued at $175,000. Finally, Meros Investment Management LP raised its holdings 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. Hedge funds and other institutional investors own 32.88% of the company’s stock.

Northern Technologies International Trading Down 2.3 %

Shares of NTIC opened at $13.18 on Friday. Northern Technologies International Co. has a 1-year low of $11.52 and a 1-year high of $19.63. The firm’s 50-day moving average price is $13.49 and its 200-day moving average price is $13.44. The firm has a market capitalization of $124.81 million, a price-to-earnings ratio of 23.96 and a beta of 0.63.

Northern Technologies International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors 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 annualized dividend and a dividend yield of 2.12%. Northern Technologies International’s dividend payout ratio is presently 50.91%.

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.