Northern Technologies International Corporation $NTIC Holdings Lowered by Meros Investment Management LP

Meros Investment Management LP trimmed its stake in shares of Northern Technologies International Corporation (NASDAQ:NTIC) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,373 shares of the specialty chemicals company’s stock after selling 72,568 shares during the period. Meros Investment Management LP’s holdings in Northern Technologies International were worth $1,663,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. lifted its stake in Northern Technologies International by 1,124.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 3,215 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Northern Technologies International in the 2nd quarter worth about $88,000. Arrowstreet Capital Limited Partnership purchased a new stake in Northern Technologies International in the 2nd quarter worth about $130,000. Squarepoint Ops LLC lifted its stake in 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. Finally, Jane Street Group LLC purchased a new stake in Northern Technologies International in the 2nd quarter worth about $190,000. 32.88% of the stock is owned by hedge funds and other institutional investors.

Northern Technologies International Stock Down 0.4%

NTIC opened at $8.02 on Tuesday. Northern Technologies International Corporation has a fifty-two week low of $7.14 and a fifty-two week high of $10.03. The business has a 50-day moving average of $8.01 and a 200-day moving average of $8.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.81 and a quick ratio of 1.15. The company has a market capitalization of $76.11 million, a PE ratio of -100.25 and a beta of 0.19.

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

Wall Street Analyst Weigh In

NTIC has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Northern Technologies International in a research note on Friday, March 27th. Zacks Research raised Northern Technologies International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Northern Technologies International currently has a consensus rating of “Reduce”.

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.