inTEST Co. (NYSE:INTT) Shares Bought by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of inTEST Co. (NYSE:INTT - Free Report) by 9.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,219,157 shares of the company's stock after acquiring an additional 110,078 shares during the quarter. Royce & Associates LP owned 9.74% of inTEST worth $8,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in shares of inTEST during the second quarter worth about $1,218,000. CM Management LLC raised its holdings in inTEST by 87.5% during the first quarter. CM Management LLC now owns 225,000 shares of the company's stock worth $2,981,000 after purchasing an additional 105,000 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in inTEST by 23.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 460,914 shares of the company's stock worth $4,554,000 after purchasing an additional 86,632 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in inTEST by 18.0% in the second quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company's stock valued at $5,576,000 after purchasing an additional 86,100 shares during the last quarter. Finally, Juniper Investment Company LLC raised its stake in shares of inTEST by 72.9% during the 1st quarter. Juniper Investment Company LLC now owns 201,966 shares of the company's stock worth $2,676,000 after buying an additional 85,129 shares during the last quarter. Institutional investors and hedge funds own 63.18% of the company's stock.

Insider Activity at inTEST

In other news, CEO Richard N. Jr. Grant sold 6,788 shares of the firm's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $6.97, for a total value of $47,312.36. Following the transaction, the chief executive officer now owns 164,929 shares of the company's stock, valued at approximately $1,149,555.13. This trade represents a 3.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on INTT. Northland Securities raised their target price on shares of inTEST from $10.00 to $13.00 and gave the company a "market perform" rating in a report on Monday, November 4th. Northland Capmk downgraded inTEST from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 5th.

inTEST Trading Down 3.1 %

Shares of inTEST stock traded down $0.23 during mid-day trading on Monday, hitting $7.20. 35,678 shares of the stock were exchanged, compared to its average volume of 96,208. The stock has a market capitalization of $89.14 million, a price-to-earnings ratio of 31.87 and a beta of 1.92. inTEST Co. has a twelve month low of $6.28 and a twelve month high of $14.35. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $7.17 and a 200 day simple moving average of $8.56.

inTEST (NYSE:INTT - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. inTEST had a net margin of 2.33% and a return on equity of 5.31%. The firm had revenue of $30.27 million for the quarter, compared to analyst estimates of $32.97 million. Research analysts forecast that inTEST Co. will post 0.41 EPS for the current year.

inTEST Company Profile

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.