Acadian Asset Management LLC Grows Stake in Northern Technologies International Co. (NASDAQ:NTIC)

Acadian Asset Management LLC has recently announced that it has grown its stake in Northern Technologies International Co. (NASDAQNTIC) by an undisclosed amount. This news comes after the company reported strong financial results for the third quarter of 2021, with revenue increasing by 35% year-over-year and net income rising by 47%.

Acadian Asset Management LLC is a private equity firm based in Louisiana that specializes in investing in companies across various industries. Northern Technologies International Co. is a leading provider of software solutions for the construction industry, with a focus on estimating, scheduling, and project management. The company's products are used by contractors, architects, engineers, and owners to streamline their workflows and improve efficiency.

The growth in Acadian Asset Management LLC's stake in Northern Technologies International Co. is likely a reflection of the company's strong financial performance and growth potential. With its focus on innovation and customer satisfaction, Northern Technologies International Co. has been able to differentiate itself from competitors and capture market share in the construction industry.

Overall, this news suggests that Acadian Asset Management LLC sees value in Northern Technologies International Co.'s business model and growth prospects, and is willing to invest additional resources to support the company's continued success.