Northern Technologies International (NASDAQ:NTIC) released its quarterly earnings results on Thursday. The specialty chemicals company reported $0.24 earnings per share for the quarter, Morningstar.com reports. Northern Technologies International had a return on equity of 8.55% and a net margin of 10.16%. The firm had revenue of $11.54 million during the quarter.
Shares of Northern Technologies International (NASDAQ:NTIC) opened at $23.70 on Friday. Northern Technologies International has a twelve month low of $13.85 and a twelve month high of $27.00. The firm has a market capitalization of $114.14, a price-to-earnings ratio of 27.05 and a beta of 1.41.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. Northern Technologies International’s dividend payout ratio is 10.75%.
A number of hedge funds have recently added to or reduced their stakes in NTIC. Vanguard Group Inc. increased its holdings in Northern Technologies International by 37.5% during the 2nd quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock valued at $1,656,000 after purchasing an additional 28,300 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Northern Technologies International by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock valued at $2,306,000 after purchasing an additional 800 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Northern Technologies International during the 3rd quarter valued at $381,000. Finally, Quantum Capital Management acquired a new stake in Northern Technologies International during the 3rd quarter valued at $305,000. 25.00% of the stock is owned by hedge funds and other institutional investors.
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About Northern Technologies International
Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.
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