Northern Technologies International (NASDAQ:NTIC) posted its 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 net margin of 8.65% and a return on equity of 7.06%. The firm had revenue of $11.54 million during the quarter.

Shares of Northern Technologies International (NASDAQ NTIC) traded down $0.99 during midday trading on Friday, hitting $25.16. 16,500 shares of the company traded hands, compared to its average volume of 10,037. The stock has a market capitalization of $114.14, a P/E ratio of 33.55 and a beta of 1.28. Northern Technologies International has a 12 month low of $13.65 and a 12 month high of $27.00.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, December 7th. Northern Technologies International’s payout ratio is 13.33%.

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Northern Technologies International by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock worth $2,306,000 after buying an additional 800 shares during the period. Quantum Capital Management purchased a new stake in shares of Northern Technologies International in the 3rd quarter worth about $305,000. Essex Investment Management Co. LLC purchased a new stake in shares of Northern Technologies International in the 3rd quarter worth about $381,000. Finally, Vanguard Group Inc. grew its position in shares of Northern Technologies International by 37.5% in the 2nd quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock worth $1,656,000 after buying an additional 28,300 shares during the period. 25.00% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded shares of Northern Technologies International from a “hold” rating to a “buy” rating in a research report on Monday, November 20th.

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Northern Technologies International Company Profile

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.

Earnings History for Northern Technologies International (NASDAQ:NTIC)

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