Cove Street Capital LLC Increases Stake in Northern Technologies International Corporation (NTIC)

Cove Street Capital LLC boosted its stake in shares of Northern Technologies International Corporation (NASDAQ:NTIC) by 37.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,424 shares of the specialty chemicals company’s stock after buying an additional 16,945 shares during the period. Cove Street Capital LLC owned about 1.38% of Northern Technologies International Corporation worth $1,139,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Northern Technologies International Corporation by 1.3% in the first quarter. Vanguard Group Inc. now owns 75,539 shares of the specialty chemicals company’s stock valued at $1,344,000 after buying an additional 1,000 shares during the last quarter. Accredited Investors Inc. bought a new position in shares of Northern Technologies International Corporation during the first quarter worth about $347,000. US Bancorp DE increased its stake in Northern Technologies International Corporation by 41.0% in the first quarter. US Bancorp DE now owns 7,085 shares of the specialty chemicals company’s stock worth $129,000 after buying an additional 2,060 shares in the last quarter. Sheets Smith Wealth Management increased its stake in Northern Technologies International Corporation by 46.2% in the first quarter. Sheets Smith Wealth Management now owns 15,522 shares of the specialty chemicals company’s stock worth $283,000 after buying an additional 4,907 shares in the last quarter. Finally, Creative Planning acquired a new stake in Northern Technologies International Corporation during the first quarter worth $328,000. Institutional investors and hedge funds own 25.62% of the company’s stock.

Institutional Ownership by Quarter for Northern Technologies International Corporation (NASDAQ:NTIC)

Northern Technologies International Corporation (NASDAQ:NTIC) traded down 0.210% during trading on Monday, reaching $16.166. 12,282 shares of the company’s stock traded hands. Northern Technologies International Corporation has a one year low of $10.00 and a one year high of $19.30. The company has a 50 day moving average of $16.58 and a 200 day moving average of $15.72. The firm has a market cap of $73.13 million, a price-to-earnings ratio of 461.886 and a beta of 1.20.

Northern Technologies International Corporation (NASDAQ:NTIC) last released its quarterly earnings results on Thursday, April 6th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $8.74 million for the quarter. Northern Technologies International Corporation had a return on equity of 4.33% and a net margin of 0.43%. Equities research analysts predict that Northern Technologies International Corporation will post $1.02 EPS for the current year.

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Separately, ValuEngine raised shares of Northern Technologies International Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th.

About Northern Technologies International Corporation

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.

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