Northern Technologies International Co. (NASDAQ:NTIC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its holdings in Northern Technologies International Co. (NASDAQ:NTIC) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,534 shares of the specialty chemicals company’s stock after selling 2,449 shares during the period. Geode Capital Management LLC’s holdings in Northern Technologies International were worth $2,145,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in Northern Technologies International during the 2nd quarter worth approximately $341,000. Rhumbline Advisers acquired a new position in Northern Technologies International during the 2nd quarter worth approximately $114,000. Acadian Asset Management LLC grew its holdings in Northern Technologies International by 198.1% during the 2nd quarter. Acadian Asset Management LLC now owns 59,957 shares of the specialty chemicals company’s stock worth $990,000 after acquiring an additional 39,841 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Northern Technologies International by 2.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 46,000 shares of the specialty chemicals company’s stock worth $762,000 after acquiring an additional 1,009 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Northern Technologies International by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 348,700 shares of the specialty chemicals company’s stock worth $5,774,000 after acquiring an additional 11,746 shares in the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Stock Down 2.4 %

NASDAQ NTIC opened at $12.95 on Wednesday. Northern Technologies International Co. has a 52 week low of $11.55 and a 52 week high of $19.63. The stock has a market capitalization of $122.64 million, a PE ratio of 23.55 and a beta of 0.62. The firm has a 50 day moving average of $13.53 and a two-hundred day moving average of $13.35.

Northern Technologies International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders 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 2.16%. Northern Technologies International’s dividend payout ratio is presently 50.91%.

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.