Northern Technologies International (NASDAQ:NTIC) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Northern Technologies International (NASDAQ:NTIC – Get Rating) in a research report issued on Sunday. The firm set a “hold” rating on the specialty chemicals company’s stock.

Separately, Northland Securities decreased their price objective on Northern Technologies International from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, April 14th.

Northern Technologies International Trading Up 0.4 %

NTIC stock opened at $11.40 on Friday. The stock has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $12.50. The stock has a market cap of $106.82 million, a PE ratio of 35.63 and a beta of 0.87. Northern Technologies International has a 1 year low of $9.05 and a 1 year high of $15.00.

Insider Activity

In other news, Director Sarah E. Kemp bought 2,473 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The stock was acquired at an average cost of $12.13 per share, for a total transaction of $29,997.49. Following the purchase, the director now owns 4,485 shares of the company’s stock, valued at approximately $54,403.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northern Technologies International

Several hedge funds have recently bought and sold shares of the company. RBF Capital LLC lifted its stake in Northern Technologies International by 99.9% in the 1st quarter. RBF Capital LLC now owns 27,200 shares of the specialty chemicals company’s stock valued at $325,000 after purchasing an additional 13,592 shares during the last quarter. UBS Group AG acquired a new stake in Northern Technologies International during the first quarter worth approximately $30,000. Diamond Hill Capital Management Inc. lifted its position in Northern Technologies International by 34.4% during the first quarter. Diamond Hill Capital Management Inc. now owns 34,000 shares of the specialty chemicals company’s stock worth $402,000 after acquiring an additional 8,699 shares during the last quarter. Institutional & Family Asset Management LLC lifted its position in Northern Technologies International by 50.3% during the first quarter. Institutional & Family Asset Management LLC now owns 5,376 shares of the specialty chemicals company’s stock worth $65,000 after acquiring an additional 1,800 shares during the last quarter. Finally, CM Wealth Advisors LLC acquired a new stake in Northern Technologies International during the first quarter worth approximately $1,878,000. 34.42% of the stock is currently owned by institutional investors and hedge funds.

Northern Technologies International Company Profile

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Northern Technologies International Corp. engages in the development and market of proprietary environmentally beneficial products and technical services. It operates through the Natur-Tec and Zerust segments. The Natur-Tec segment manufactures bio-degradable and bio-based plastics for industrial and consumer applications.