Northern Technologies International Co. (NASDAQ:NTIC) Director Purchases $20,017.50 in Stock

Northern Technologies International Co. (NASDAQ:NTIC - Get Free Report) Director Sarah E. Kemp acquired 1,275 shares of the company's stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average cost of $15.70 per share, with a total value of $20,017.50. Following the completion of the purchase, the director now directly owns 5,760 shares in the company, valued at $90,432. The purchase was disclosed in a filing with the SEC, which is available at this link.

Northern Technologies International Price Performance

NASDAQ:NTIC traded up $1.12 during trading hours on Wednesday, hitting $17.35. 91,505 shares of the company were exchanged, compared to its average volume of 19,327. The company's 50 day moving average price is $13.79 and its 200-day moving average price is $12.67. The stock has a market capitalization of $163.61 million, a price-to-earnings ratio of 31.21 and a beta of 0.73. Northern Technologies International Co. has a 52-week low of $10.08 and a 52-week high of $17.55.

Northern Technologies International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, April 30th. Northern Technologies International's dividend payout ratio (DPR) is currently 53.85%.

Institutional Trading of Northern Technologies International

Several large investors have recently made changes to their positions in NTIC. Ballast Asset Management LP purchased a new stake in shares of Northern Technologies International in the 3rd quarter valued at $2,911,000. Penn Mutual Asset Management LLC acquired a new position in shares of Northern Technologies International in the 3rd quarter valued at $227,000. Sheets Smith Wealth Management lifted its stake in shares of Northern Technologies International by 27.3% in the 4th quarter. Sheets Smith Wealth Management now owns 55,311 shares of the specialty chemicals company's stock valued at $652,000 after purchasing an additional 11,877 shares during the period. Connors Investor Services Inc. acquired a new position in shares of Northern Technologies International in the 3rd quarter valued at $139,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Northern Technologies International in the 4th quarter valued at $83,000. 32.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on NTIC shares. TheStreet upgraded shares of Northern Technologies International from a "c+" rating to a "b-" rating in a report on Tuesday, February 27th. Northland Securities boosted their price target on shares of Northern Technologies International from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, April 12th. Finally, StockNews.com upgraded shares of Northern Technologies International from a "hold" rating to a "buy" rating in a report on Tuesday, April 9th.

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.

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