Sheets Smith Wealth Management Has $242,000 Position in Northern Technologies International Corporation (NASDAQ:NTIC)

Sheets Smith Wealth Management held its stake in shares of Northern Technologies International Corporation (NASDAQ:NTIC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,522 shares of the specialty chemicals company’s stock at the end of the second quarter. Sheets Smith Wealth Management owned 0.34% of Northern Technologies International Corporation worth $242,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Northern Technologies International Corporation by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 16,800 shares of the specialty chemicals company’s stock valued at $231,000 after buying an additional 700 shares in the last quarter. Creative Planning bought a new stake in shares of Northern Technologies International Corporation during the first quarter valued at $328,000. US Bancorp DE increased its stake in shares of Northern Technologies International Corporation by 41.0% in the first quarter. US Bancorp DE now owns 7,085 shares of the specialty chemicals company’s stock valued at $129,000 after buying an additional 2,060 shares in the last quarter. Accredited Investors Inc. bought a new stake in shares of Northern Technologies International Corporation during the first quarter valued at $347,000. Finally, Cove Street Capital LLC increased its stake in shares of Northern Technologies International Corporation by 37.3% in the first quarter. Cove Street Capital LLC now owns 62,424 shares of the specialty chemicals company’s stock valued at $1,139,000 after buying an additional 16,945 shares in the last quarter. 25.62% of the stock is owned by hedge funds and other institutional investors.

Northern Technologies International Corporation (NASDAQ:NTIC) traded up 3.14% during midday trading on Friday, reaching $18.05. The company’s stock had a trading volume of 677 shares. The company’s 50-day moving average price is $17.06 and its 200-day moving average price is $16.60. The company has a market capitalization of $81.71 million, a price-to-earnings ratio of 137.79 and a beta of 1.31. Northern Technologies International Corporation has a 1-year low of $12.50 and a 1-year high of $19.30.

Northern Technologies International Corporation (NASDAQ:NTIC) last released its quarterly earnings results on Thursday, July 13th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter. Northern Technologies International Corporation had a return on equity of 5.24% and a net margin of 1.56%. The company had revenue of $10.22 million during the quarter. On average, analysts predict that Northern Technologies International Corporation will post $1.02 earnings per share for the current fiscal year.

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Separately, ValuEngine raised Northern Technologies International Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th.

About Northern Technologies International Corporation

Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.

Institutional Ownership by Quarter for Northern Technologies International Corporation (NASDAQ:NTIC)

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