Needham Investment Management LLC Has $6.42 Million Stock Position in Northern Technologies International Co. (NASDAQ:NTIC)

Needham Investment Management LLC increased its holdings in shares of Northern Technologies International Co. (NASDAQ:NTIC) by 25.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 522,500 shares of the specialty chemicals company’s stock after purchasing an additional 107,500 shares during the period. Needham Investment Management LLC owned approximately 5.53% of Northern Technologies International worth $6,422,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Rhumbline Advisers acquired a new stake in Northern Technologies International in the second quarter valued at approximately $114,000. Panagora Asset Management Inc. acquired a new stake in Northern Technologies International in the second quarter valued at approximately $175,000. Meros Investment Management LP grew its stake in Northern Technologies International by 25.2% in the second quarter. Meros Investment Management LP now owns 269,510 shares of the specialty chemicals company’s stock valued at $4,463,000 after acquiring an additional 54,209 shares during the period. Dynamic Advisor Solutions LLC grew its stake in Northern Technologies International by 13.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 30,445 shares of the specialty chemicals company’s stock valued at $504,000 after acquiring an additional 3,721 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in Northern Technologies International in the second quarter valued at approximately $251,000. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Stock Performance

Northern Technologies International stock traded down $0.21 during mid-day trading on Tuesday, reaching $13.71. The stock had a trading volume of 10,417 shares, compared to its average volume of 17,320. Northern Technologies International Co. has a fifty-two week low of $10.08 and a fifty-two week high of $19.63. The stock’s 50-day simple moving average is $12.86 and its 200-day simple moving average is $14.09. The firm has a market capitalization of $129.83 million, a PE ratio of 24.93 and a beta of 0.63.

Northern Technologies International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.28 annualized dividend and a dividend yield of 2.04%. Northern Technologies International’s payout ratio is 50.91%.

About Northern Technologies International

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.