1 day Ago By ABMN Staff
Renaissance Technologies LLC decreased its holdings in Northern Technologies International Co. ( NASDAQ:NTIC – Free Report ) by 20.9% during the fourth quarter, Holdings Channel.
com reports. The firm owned 86,977 shares of the specialty chemicals company’s stock after selling 23,046 shares during the period. Renaissance Technologies LLC’s holdings in Northern Technologies International were worth $1,173,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in shares of Northern Technologies International by 471.6% in 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 acquiring an additional 71,312 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Northern Technologies International by 146.
3% in the fourth quarter. JPMorgan Chase & Co. now owns 28,869 shares of the specialty chemicals company’s stock valued at $389,000 after purchasing an additional 17,149 shares in the last quarter.
Ritholtz Wealth Management acquired a new position in Northern Technologies International in the 4th quarter worth about $146,000. State Street Corp raised its stake 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 worth $1,042,000 after purchasing an additional 9,554 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Northern Technologies International by 78.4% during the 3rd quarter.
Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock valued at $182,000 after buying an additional 6,533 shares during the last quarter. 32.88% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Separately, StockNews.com lowered shares of Northern Technologies International from a “hold” rating to a “sell” rating in a research report on Monday, April 14th. Northern Technologies International Trading Up 1.
8 % Shares of NASDAQ:NTIC opened at $7.50 on Wednesday. Northern Technologies International Co.
has a 1 year low of $6.75 and a 1 year high of $19.63.
The firm has a fifty day moving average price of $9.82 and a 200 day moving average price of $11.85.
The stock has a market capitalization of $71.06 million, a PE ratio of 14.42 and a beta of 0.
26. Northern Technologies International ( NASDAQ:NTIC – Get Free Report ) last issued its quarterly earnings data on Thursday, April 10th. The specialty chemicals company reported ($0.
03) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09).
Northern Technologies International had a net margin of 5.89% and a return on equity of 7.48%.
The company had revenue of $19.07 million for the quarter, compared to analyst estimates of $20.20 million.
During the same period in the prior year, the company posted $0.17 EPS. On average, sell-side analysts forecast that Northern Technologies International Co.
will post 0.56 earnings per share for the current fiscal year. Northern Technologies International Cuts Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th.
Investors of record on Wednesday, April 30th will be issued a dividend of $0.01 per share. This represents a $0.
04 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Wednesday, April 30th.
Northern Technologies International’s dividend payout ratio is currently 10.26%. Northern Technologies International Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding NTIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northern Technologies International Co.
( NASDAQ:NTIC – Free Report ). Receive News & Ratings for Northern Technologies International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Technologies International and related companies with MarketBeat.com's FREE daily email newsletter .
.
