North Star Investment Management Corp. Invests $1.22 Million in Northern Technologies International Corporation $NTIC

North Star Investment Management Corp. acquired a new stake in Northern Technologies International Corporation (NASDAQ:NTIC) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 148,000 shares of the specialty chemicals company’s stock, valued at approximately $1,220,000. North Star Investment Management Corp. owned about 1.56% of Northern Technologies International as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Osaic Holdings Inc. raised its stake in Northern Technologies International by 1,124.1% during the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 3,215 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Northern Technologies International during the second quarter valued at $88,000. XTX Topco Ltd acquired a new stake in Northern Technologies International during the 4th quarter worth about $96,000. Arrowstreet Capital Limited Partnership acquired a new stake in Northern Technologies International during the 2nd quarter worth about $130,000. Finally, Squarepoint Ops LLC raised its position in shares of Northern Technologies International by 57.5% in the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock worth $177,000 after acquiring an additional 8,401 shares in the last quarter. 32.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NTIC. Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a research report on Wednesday, June 24th. Zacks Research upgraded Northern Technologies International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Northern Technologies International Trading Up 2.8%

NTIC opened at $8.83 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.81 and a quick ratio of 1.15. Northern Technologies International Corporation has a fifty-two week low of $7.14 and a fifty-two week high of $10.03. The firm has a market capitalization of $83.80 million, a PE ratio of -110.38 and a beta of 0.19. The company’s 50-day moving average is $8.05 and its 200 day moving average is $8.35.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings results on Thursday, April 9th. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $22.00 million during the quarter, compared to the consensus estimate of $21.10 million. Northern Technologies International had a negative net margin of 0.87% and a positive return on equity of 0.05%. As a group, research analysts predict that Northern Technologies International Corporation will post 0.15 earnings per share for the current fiscal year.

Northern Technologies International Company Profile

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.