inTEST Co. (NYSE:INTT) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in inTEST Co. (NYSE:INTT) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 493,524 shares of the company’s stock after acquiring an additional 148,784 shares during the quarter. Ameriprise Financial Inc. owned approximately 3.99% of inTEST worth $4,239,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of inTEST by 9.0% during the 4th quarter. Jane Street Group LLC now owns 31,644 shares of the company’s stock valued at $272,000 after buying an additional 2,602 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock valued at $274,000 after acquiring an additional 11,102 shares during the last quarter. Northern Trust Corp raised its holdings in inTEST by 8.2% during the 4th quarter. Northern Trust Corp now owns 40,328 shares of the company’s stock worth $346,000 after buying an additional 3,048 shares during the period. Russell Investments Group Ltd. boosted its stake in inTEST by 208.9% in the 4th quarter. Russell Investments Group Ltd. now owns 43,543 shares of the company’s stock worth $374,000 after purchasing an additional 29,445 shares during the period. Finally, AMH Equity Ltd raised its position in inTEST by 1.7% during the fourth quarter. AMH Equity Ltd now owns 117,990 shares of the company’s stock valued at $1,014,000 after buying an additional 1,990 shares during the period. 63.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTT. Lake Street Capital reduced their price target on inTEST from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, May 5th. Northland Capmk cut inTEST from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th.

Insider Transactions at inTEST

In other inTEST news, Director Gerald J. Maginnis acquired 7,557 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $5.78 per share, for a total transaction of $43,679.46. Following the acquisition, the director now directly owns 78,057 shares of the company’s stock, valued at approximately $451,169.46. This trade represents a 10.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.50% of the company’s stock.

inTEST Stock Performance

NYSE INTT opened at $6.02 on Monday. The company has a 50 day moving average of $6.32 and a 200-day moving average of $7.55. inTEST Co. has a 1-year low of $5.24 and a 1-year high of $11.92. The firm has a market cap of $75.22 million, a price-to-earnings ratio of 26.18 and a beta of 1.63. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08.

inTEST (NYSE:INTT) last posted its quarterly earnings data on Friday, May 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same period last year, the company posted $0.10 EPS. On average, equities analysts forecast that inTEST Co. will post 0.41 earnings per share for the current fiscal year.

About inTEST

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.