Jane Street Group LLC Boosts Holdings in inTEST Co. (NYSE:INTT)

Jane Street Group LLC raised its stake in shares of inTEST Co. (NYSE:INTT) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,644 shares of the company’s stock after purchasing an additional 2,602 shares during the period. Jane Street Group LLC’s holdings in inTEST were worth $272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTT. Royce & Associates LP lifted its holdings in 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 purchasing an additional 213,942 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of 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 buying an additional 36,031 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of 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 buying an additional 29,445 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of inTEST by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 602,608 shares of the company’s stock worth $5,176,000 after buying an additional 16,744 shares in the last quarter. Finally, CM Management LLC lifted its stake in shares of inTEST by 4.3% in the fourth quarter. CM Management LLC now owns 365,000 shares of the company’s stock worth $3,135,000 after buying an additional 15,000 shares in the last quarter. 63.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Lake Street Capital decreased their price target on shares of inTEST from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Northland Capmk downgraded shares of inTEST from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 5th.

inTEST Price Performance

Shares of INTT stock opened at $6.36 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The firm’s 50-day moving average is $6.13 and its two-hundred day moving average is $7.47. inTEST Co. has a 12 month low of $5.24 and a 12 month high of $11.92. The company has a market capitalization of $79.47 million, a PE ratio of 27.65 and a beta of 1.63.

inTEST (NYSE:INTT) last issued its earnings results on Friday, May 2nd. The company reported ($0.11) EPS 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 in the previous year, the company earned $0.10 EPS. Analysts predict that inTEST Co. will post 0.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gerald J. Maginnis bought 7,557 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $5.78 per share, with a total value of $43,679.46. Following the completion of the transaction, the director now directly owns 78,057 shares in the company, valued at $451,169.46. This trade represents a 10.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is 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.