Northern Technologies International Corporation $NTIC Stake Reduced by Meros Investment Management LP

Meros Investment Management LP reduced its stake in shares of Northern Technologies International Corporation (NASDAQ:NTIC) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,373 shares of the specialty chemicals company’s stock after selling 72,568 shares during the quarter. Meros Investment Management LP owned about 2.24% of Northern Technologies International worth $1,663,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NTIC. Osaic Holdings Inc. grew its stake in shares of Northern Technologies International by 1,124.1% in the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 3,215 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Northern Technologies International in the second quarter worth $88,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Northern Technologies International in the second quarter worth $130,000. Squarepoint Ops LLC grew its stake in shares of Northern Technologies International by 57.5% in the third 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 in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Northern Technologies International in the second quarter worth $190,000. 32.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. 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 investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Northern Technologies International Trading Down 0.4%

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

Northern Technologies International (NASDAQ:NTIC) last announced its earnings results on Thursday, April 9th. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Northern Technologies International had a negative net margin of 0.87% and a positive return on equity of 0.05%. The firm had revenue of $22.00 million for the quarter, compared to the consensus estimate of $21.10 million. On average, sell-side analysts expect that Northern Technologies International Corporation will post 0.15 earnings per share for the current fiscal year.

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.