Needham Investment Management LLC Has $5.59 Million Stock Holdings in Northern Technologies International Corporation $NTIC

Needham Investment Management LLC increased its position in shares of Northern Technologies International Corporation (NASDAQ:NTIC) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 713,257 shares of the specialty chemicals company’s stock after acquiring an additional 73,257 shares during the quarter. Needham Investment Management LLC owned about 7.52% of Northern Technologies International worth $5,585,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Osaic Holdings Inc. raised its holdings in 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 during the period. Squarepoint Ops LLC increased its position in shares of 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 valued at $177,000 after buying an additional 8,401 shares in the last quarter. Jane Street Group LLC increased its position in shares of Northern Technologies International by 72.4% in the 4th quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock valued at $214,000 after buying an additional 11,470 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Northern Technologies International during the 2nd quarter worth $88,000. Finally, Citadel Advisors LLC raised its stake in Northern Technologies International by 35.1% during the 3rd quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock worth $456,000 after buying an additional 15,351 shares during the period. Institutional investors own 32.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have 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 report on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Northern Technologies International Trading Down 0.4%

NTIC opened at $8.02 on Tuesday. The firm’s fifty day simple moving average is $8.01 and its 200 day simple moving average is $8.29. 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 current ratio of 1.81, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. 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, 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). The firm had revenue of $22.00 million for the quarter, compared to analyst estimates of $21.10 million. Northern Technologies International had a positive return on equity of 0.05% and a negative net margin of 0.87%. As a group, research analysts anticipate that Northern Technologies International Corporation will post 0.15 EPS for the current fiscal year.

Northern Technologies International Profile

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.