G Patrick Lynch Sells 16,070 Shares of Northern Technologies International (NASDAQ:NTIC) Stock

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

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 Price Performance

NASDAQ:NTIC opened at $8.02 on Friday. The firm has a market cap of $76.19 million, a price-to-earnings ratio of -66.83 and a beta of 0.17. 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’s 50-day moving average is $8.18 and its two-hundred day moving average is $8.41. Northern Technologies International Corporation has a 12-month low of $7.14 and a 12-month high of $10.03.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings results 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). The firm had revenue of $24.22 million for the quarter, compared to analyst estimates of $23.40 million. Northern Technologies International had a negative return on equity of 0.45% and a negative net margin of 1.26%. Research analysts expect that Northern Technologies International Corporation will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NTIC. Osaic Holdings Inc. lifted its holdings 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 buying an additional 3,215 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Northern Technologies International during the second quarter valued at approximately $88,000. XTX Topco Ltd bought a new position in Northern Technologies International during the 4th quarter worth $96,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Northern Technologies International during the second quarter worth about $130,000. Finally, Squarepoint Ops LLC grew its position 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 purchasing an additional 8,401 shares during the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NTIC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. Zacks Research lowered Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.