North Star Investment Management Corp. Makes New Investment in Northern Technologies International Corporation $NTIC

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

Several other hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of Northern Technologies International in the 2nd quarter worth approximately $130,000. Qube Research & Technologies Ltd purchased a new stake in shares of Northern Technologies International during the second quarter valued at approximately $88,000. Jane Street Group LLC purchased a new stake in shares of Northern Technologies International during the second quarter valued at approximately $190,000. Osaic Holdings Inc. lifted its holdings 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 acquiring an additional 3,215 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Northern Technologies International during the third quarter worth $214,000. Institutional investors own 32.88% of the company’s stock.

Northern Technologies International Price Performance

Shares of NASDAQ:NTIC opened at $8.83 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.81 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $83.80 million, a PE ratio of -110.38 and a beta of 0.19. Northern Technologies International Corporation has a twelve month low of $7.14 and a twelve month high of $10.03. The company has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $8.35.

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 (EPS) 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%. Equities analysts forecast that Northern Technologies International Corporation will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research upgraded Northern Technologies International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.