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

Northern Technologies International Corporation (NASDAQ:NTIC) CEO G Patrick Lynch sold 16,070 shares of Northern Technologies International stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $8.00, for a total transaction of $128,560.00. Following the completion of the sale, the chief executive officer owned 105,284 shares in the company, valued at $842,272. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 stock was sold at an average price of $8.10, for a total transaction of $16.20.

Northern Technologies International Trading Up 0.5%

Northern Technologies International stock opened at $8.02 on Friday. The company has a market cap of $76.16 million, a price-to-earnings ratio of -66.83 and a beta of 0.17. The firm has a 50-day moving average of $8.18 and a 200-day moving average of $8.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.72 and a quick ratio of 1.15. Northern Technologies International Corporation has a one year low of $7.14 and a one year high of $10.03.

Northern Technologies International (NASDAQ:NTIC) last released its earnings results on Thursday, July 9th. The specialty chemicals company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Northern Technologies International had a negative net margin of 1.26% and a negative return on equity of 0.45%. The company had revenue of $24.22 million during the quarter, compared to analyst estimates of $23.40 million. On average, equities analysts expect that Northern Technologies International Corporation will post 0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Northern Technologies International

Several hedge funds have recently bought and sold shares of NTIC. Needham Investment Management LLC grew its holdings in Northern Technologies International by 11.4% during the fourth quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock worth $5,585,000 after purchasing an additional 73,257 shares during the period. North Star Investment Management Corp. bought a new stake in Northern Technologies International in the first quarter valued at approximately $1,220,000. Peapod Lane Capital LLC raised its stake in Northern Technologies International by 64.6% in the fourth quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock valued at $1,117,000 after buying an additional 55,987 shares during the period. Citadel Advisors LLC lifted its position in shares of Northern Technologies International by 35.1% in the third quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock valued at $456,000 after buying an additional 15,351 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Northern Technologies International by 72.4% in the fourth 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 during the last quarter. 32.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTIC has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research report on Wednesday, June 24th. Zacks Research cut shares of Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Northern Technologies International presently has an average 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.