Northern Technologies International’s (NTIC) “Outperform” Rating Reaffirmed at Northland Securities

Northland Securities restated their outperform rating on shares of Northern Technologies International (NASDAQ:NTIC) in a research note published on Friday, Benzinga reports. The brokerage currently has a $20.00 price target on the specialty chemicals company’s stock.

Separately, StockNews.com downgraded Northern Technologies International from a buy rating to a hold rating in a research report on Thursday, July 11th.

Northern Technologies International Trading Up 1.2 %

Shares of NTIC stock opened at $13.17 on Friday. The stock has a market capitalization of $124.32 million, a price-to-earnings ratio of 28.63 and a beta of 0.62. Northern Technologies International has a twelve month low of $10.08 and a twelve month high of $19.63. The stock has a fifty day simple moving average of $17.28 and a two-hundred day simple moving average of $14.93.

Northern Technologies International (NASDAQ:NTIC) last issued its earnings results on Thursday, July 11th. The specialty chemicals company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). Northern Technologies International had a return on equity of 5.86% and a net margin of 5.48%. The business had revenue of $20.69 million for the quarter, compared to the consensus estimate of $23.00 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. Research analysts predict that Northern Technologies International will post 0.78 EPS for the current fiscal year.

Northern Technologies International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, April 30th. Northern Technologies International’s dividend payout ratio (DPR) is presently 60.87%.

Hedge Funds Weigh In On Northern Technologies International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC raised its stake in shares of Northern Technologies International by 10.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 26,724 shares of the specialty chemicals company’s stock worth $317,000 after purchasing an additional 2,634 shares during the last quarter. Penn Mutual Asset Management LLC boosted its holdings in shares of Northern Technologies International by 40.8% in the 4th quarter. Penn Mutual Asset Management LLC now owns 23,860 shares of the specialty chemicals company’s stock valued at $281,000 after acquiring an additional 6,910 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Northern Technologies International in the fourth quarter worth $83,000. Finally, Sheets Smith Wealth Management boosted its holdings in Northern Technologies International by 27.3% in the fourth 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 last quarter. Hedge funds and other institutional investors own 32.88% of the company’s stock.

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.