Jane Street Group LLC Grows Stake in inTEST Co. (NYSE:INTT)

Jane Street Group LLC increased its stake in inTEST Co. (NYSE:INTT) by 9.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,644 shares of the company’s stock after acquiring an additional 2,602 shares during the period. Jane Street Group LLC owned about 0.26% of inTEST worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in inTEST by 8.2% in the fourth quarter. Northern Trust Corp now owns 40,328 shares of the company’s stock worth $346,000 after purchasing an additional 3,048 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in inTEST by 6.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 582,483 shares of the company’s stock worth $5,004,000 after purchasing an additional 36,031 shares during the period. Russell Investments Group Ltd. grew its holdings in inTEST by 208.9% in the fourth 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. Royce & Associates LP grew its holdings in shares of inTEST by 17.5% during the fourth quarter. Royce & Associates LP now owns 1,433,099 shares of the company’s stock valued at $12,310,000 after buying an additional 213,942 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in inTEST by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 602,608 shares of the company’s stock valued at $5,176,000 after purchasing an additional 16,744 shares during the period. 63.18% of the stock is currently owned by hedge funds and other institutional investors.

inTEST Trading Up 0.8%

Shares of inTEST stock opened at $6.36 on Wednesday. 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 Co. has a 12-month low of $5.24 and a 12-month high of $11.92. The firm has a market capitalization of $79.47 million, a price-to-earnings ratio of 27.65 and a beta of 1.63. The firm’s 50 day simple moving average is $6.13 and its two-hundred day simple moving average is $7.47.

inTEST (NYSE:INTT) last released its quarterly earnings data on Friday, May 2nd. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business posted $0.10 earnings per share. Analysts predict that inTEST Co. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTT. Northland Capmk cut shares of inTEST from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 5th. Lake Street Capital dropped their price target on shares of inTEST from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, May 5th.

Insider Buying and Selling

In other news, Director Gerald J. Maginnis purchased 7,557 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $5.78 per share, with a total value of $43,679.46. Following the completion of the acquisition, the director now owns 78,057 shares of the company’s stock, valued at approximately $451,169.46. This represents a 10.72% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is currently owned by insiders.

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.