Insider Selling: Northern Technologies International (NASDAQ:NTIC) CEO Sells $128,560.00 in Stock

Northern Technologies International Corporation (NASDAQ:NTIC) CEO G Patrick Lynch sold 16,070 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $8.00, for a total transaction of $128,560.00. Following the completion of the sale, the chief executive officer owned 105,284 shares in the company, valued at approximately $842,272. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

G Patrick Lynch also recently made the following trade(s):

• On Wednesday, July 29th, G Patrick Lynch sold 2 shares of Northern Technologies International stock. The shares were sold at an average price of $8.10, for a total transaction of $16.20.

Northern Technologies International Stock Performance

NASDAQ:NTIC opened at $8.02 on Monday. Northern Technologies International Corporation has a twelve month low of $7.14 and a twelve month high of $10.03. The company has a current ratio of 1.72, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $8.18 and a 200-day moving average of $8.40. The firm has a market cap of $76.19 million, a price-to-earnings ratio of -66.83 and a beta of 0.17.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). Northern Technologies International had a negative return on equity of 0.45% and a negative net margin of 1.26%.The business had revenue of $24.22 million during the quarter, compared to analyst estimates of $23.40 million. Analysts forecast that Northern Technologies International Corporation will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NTIC has been the topic of several research reports. Zacks Research cut Northern Technologies International from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Northern Technologies International in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Northern Technologies International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted 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 valued at $26,000 after buying an additional 3,215 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Northern Technologies International in the second quarter worth approximately $88,000. XTX Topco Ltd purchased a new position in shares of Northern Technologies International in the fourth quarter worth approximately $96,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Northern Technologies International during the second quarter valued at approximately $130,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Northern Technologies International by 57.5% during the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after acquiring an additional 8,401 shares during the period. Institutional investors and hedge funds own 32.88% of the company’s stock.

About Northern Technologies International

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.