23 hours Ago By Defense World Staff
Renaissance Technologies LLC lessened its stake in shares of Northern Technologies International Co. (NASDAQ:NTIC – Free Report) by 20.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 86,977 shares of the specialty chemicals company’s stock after selling 23,046 shares during the quarter. Renaissance Technologies LLC owned about 0.92% of Northern Technologies International worth $1,173,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTIC. Geode Capital Management LLC increased its position in shares of Northern Technologies International by 1.3% during the 4th quarter.
Geode Capital Management LLC now owns 176,759 shares of the specialty chemicals company’s stock valued at $2,385,000 after purchasing an additional 2,225 shares during the period. Bank of New York Mellon Corp grew its holdings in Northern Technologies International by 471.6% during 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 period. State Street Corp raised its position in Northern Technologies International by 12.7% in the third quarter.
State Street Corp now owns 84,778 shares of the specialty chemicals company’s stock worth $1,042,000 after acquiring an additional 9,554 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Northern Technologies International by 2.1% in the 4th quarter.
Dynamic Advisor Solutions LLC now owns 52,680 shares of the specialty chemicals company’s stock valued at $711,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its position in shares of Northern Technologies International by 2.4% during the 4th quarter.
Sheets Smith Wealth Management now owns 45,951 shares of the specialty chemicals company’s stock valued at $620,000 after purchasing an additional 1,064 shares in the last quarter. Institutional investors own 32.88% of the company’s stock.
Northern Technologies International Stock Up 1.8 %NTIC opened at $7.50 on Wednesday.
The business has a fifty day simple moving average of $9.82 and a 200-day simple moving average of $11.85.
The firm has a market cap of $71.06 million, a PE ratio of 14.42 and a beta of 0.
26. Northern Technologies International Co. has a fifty-two week low of $6.
75 and a fifty-two week high of $19.63. Northern Technologies International (NASDAQ:NTIC – Get Free Report) last issued its quarterly earnings results on Thursday, April 10th.
The specialty chemicals company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.
09). Northern Technologies International had a return on equity of 7.48% and a net margin of 5.
89%. The company had revenue of $19.07 million during the quarter, compared to analysts’ expectations of $20.
20 million. During the same period in the prior year, the business posted $0.17 EPS.
On average, equities research analysts anticipate that Northern Technologies International Co. will post 0.56 EPS for the current fiscal year.
Northern Technologies International Cuts DividendThe company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.01 dividend.
This represents a $0.04 dividend on an annualized basis and a yield of 0.53%.
The ex-dividend date is Wednesday, April 30th. Northern Technologies International’s dividend payout ratio is 10.26%.
Wall Street Analyst Weigh InSeparately, StockNews.com downgraded shares of Northern Technologies International from a “hold” rating to a “sell” rating in a report on Monday, April 14th.View Our Latest Analysis on NTICNorthern Technologies International Company 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 ReadingFive stocks we like better than Northern Technologies InternationalWhy Understanding Call Option Volume is Essential to Successful Options TradingDon’t Be Fooled by the Bounce: The Market Storm Isn’t Over YetWhy Special Dividends Can be a Delightful Surprise for Income InvestorsCoca-Cola Company Stock Can Bubble to New Highs This YearHow to Most Effectively Use the MarketBeat Earnings Screener3 Stocks Lifting 2025 Guidance Despite Market Jitters.
