Two Sigma Investments LP Decreases Stock Position in inTEST Co. (NYSE:INTT)

Two Sigma Investments LP lessened its position in inTEST Co. (NYSE:INTT) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,222 shares of the company’s stock after selling 5,082 shares during the quarter. Two Sigma Investments LP’s holdings in inTEST were worth $388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC lifted its position in inTEST by 9.0% during the fourth quarter. Jane Street Group LLC now owns 31,644 shares of the company’s stock worth $272,000 after buying an additional 2,602 shares in the last quarter. Northern Trust Corp lifted its position in inTEST by 8.2% during the fourth quarter. Northern Trust Corp now owns 40,328 shares of the company’s stock worth $346,000 after buying an additional 3,048 shares in the last quarter. Russell Investments Group Ltd. lifted its position in inTEST by 208.9% during 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. AMH Equity Ltd lifted its position in inTEST by 1.7% during the fourth quarter. AMH Equity Ltd now owns 117,990 shares of the company’s stock worth $1,014,000 after buying an additional 1,990 shares in the last quarter. Finally, Bard Associates Inc. lifted its position in inTEST by 5.7% during the fourth quarter. Bard Associates Inc. now owns 210,491 shares of the company’s stock worth $1,808,000 after buying an additional 11,321 shares in the last quarter. Hedge funds and other institutional investors own 63.18% of the company’s stock.

Insider Buying and Selling at inTEST

In other inTEST news, Director Gerald J. Maginnis bought 7,557 shares of inTEST stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $5.78 per share, for a total transaction of $43,679.46. Following the completion of the transaction, the director now directly owns 78,057 shares of the company’s stock, valued at $451,169.46. This trade represents a 10.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.00% of the company’s stock.

inTEST Price Performance

NYSE:INTT opened at $6.94 on Wednesday. inTEST Co. has a 52 week low of $5.24 and a 52 week high of $11.92. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $86.72 million, a P/E ratio of 30.18 and a beta of 1.62. The stock’s fifty day moving average is $6.10 and its two-hundred day moving average is $7.44.

inTEST (NYSE:INTT) last posted 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 net margin of 2.33% and a return on equity of 5.31%. During the same period in the previous year, the company posted $0.10 earnings per share. Equities analysts expect that inTEST Co. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

INTT has been the topic of a number of analyst reports. Northland Capmk downgraded inTEST from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th. Lake Street Capital reduced their price objective on inTEST from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, May 5th.

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.