11,337 Shares in inTEST Co. (NYSE:INTT) Bought by Ground Swell Capital LLC

Ground Swell Capital LLC purchased a new stake in shares of inTEST Co. (NYSE:INTT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 11,337 shares of the company’s stock, valued at approximately $112,000.

A number of other institutional investors have also modified their holdings of INTT. Allspring Global Investments Holdings LLC boosted its stake in inTEST by 21.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock valued at $188,000 after acquiring an additional 2,476 shares in the last quarter. D.A. Davidson & CO. increased its holdings in inTEST by 24.9% in the 4th quarter. D.A. Davidson & CO. now owns 13,800 shares of the company’s stock worth $188,000 after buying an additional 2,750 shares during the period. BNP Paribas Financial Markets raised its position in inTEST by 141.8% during the 4th quarter. BNP Paribas Financial Markets now owns 23,703 shares of the company’s stock worth $322,000 after buying an additional 13,900 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in inTEST during the 2nd quarter worth approximately $1,218,000. Finally, Bard Associates Inc. lifted its stake in inTEST by 0.8% during the 4th quarter. Bard Associates Inc. now owns 195,000 shares of the company’s stock valued at $2,652,000 after acquiring an additional 1,475 shares during the period. 63.18% of the stock is currently owned by institutional investors.

inTEST Stock Performance

NYSE:INTT opened at $6.78 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.46 and a current ratio of 2.24. The stock has a market capitalization of $84.89 million, a PE ratio of 10.43 and a beta of 1.93. inTEST Co. has a fifty-two week low of $6.28 and a fifty-two week high of $16.80. The company has a fifty day moving average of $8.72 and a two-hundred day moving average of $10.12.

inTEST (NYSE:INTT) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). inTEST had a net margin of 4.27% and a return on equity of 7.64%. The company had revenue of $33.99 million during the quarter, compared to analysts’ expectations of $34.80 million. As a group, research analysts forecast that inTEST Co. will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Northland Securities cut shares of inTEST from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $15.00 to $10.00 in a report on Monday, August 5th. Northland Capmk cut inTEST from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.00.

Insider Activity at inTEST

In other news, CEO Richard N. Jr. Grant sold 6,788 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $6.97, for a total transaction of $47,312.36. Following the completion of the sale, the chief executive officer now owns 164,929 shares of the company’s stock, valued at $1,149,555.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is owned by corporate 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.