Tower Research Capital LLC TRC Acquires 1,574 Shares of inTEST Co. (NYSE:INTT)

Tower Research Capital LLC TRC lifted its holdings in shares of inTEST Co. (NYSE:INTT) by 76.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,640 shares of the company’s stock after purchasing an additional 1,574 shares during the period. Tower Research Capital LLC TRC’s holdings in inTEST were worth $50,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in shares of inTEST by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 96,112 shares of the company’s stock valued at $1,458,000 after acquiring an additional 983 shares in the last quarter. Bard Associates Inc. raised its holdings in inTEST by 0.8% in the fourth quarter. Bard Associates Inc. now owns 195,000 shares of the company’s stock worth $2,652,000 after purchasing an additional 1,475 shares in the last quarter. D.A. Davidson & CO. raised its holdings in inTEST by 24.9% in the fourth quarter. D.A. Davidson & CO. now owns 13,800 shares of the company’s stock worth $188,000 after purchasing an additional 2,750 shares in the last quarter. Barclays PLC raised its holdings in inTEST by 161.9% in the third quarter. Barclays PLC now owns 7,521 shares of the company’s stock worth $114,000 after purchasing an additional 4,649 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in inTEST by 8.1% in the third quarter. Kennedy Capital Management LLC now owns 125,008 shares of the company’s stock worth $1,896,000 after purchasing an additional 9,384 shares in the last quarter. Institutional investors own 63.18% of the company’s stock.

Insider Buying and Selling at inTEST

In other inTEST news, CEO Richard N. Jr. Grant sold 21,500 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.03, for a total value of $258,645.00. Following the completion of the sale, the chief executive officer now directly owns 171,717 shares in the company, valued at approximately $2,065,755.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Richard N. Jr. Grant sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $12.80, for a total value of $256,000.00. Following the transaction, the chief executive officer now owns 215,217 shares in the company, valued at $2,754,777.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard N. Jr. Grant sold 21,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $12.03, for a total value of $258,645.00. Following the completion of the transaction, the chief executive officer now owns 171,717 shares in the company, valued at approximately $2,065,755.51. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com cut inTEST from a “buy” rating to a “hold” rating in a research note on Saturday, April 6th.

inTEST Stock Performance

Shares of NYSE INTT traded down $0.68 during trading on Tuesday, hitting $11.27. The company had a trading volume of 73,088 shares, compared to its average volume of 99,560. The stock has a 50 day simple moving average of $11.73 and a 200 day simple moving average of $12.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.70 and a current ratio of 3.53. inTEST Co. has a 12 month low of $10.66 and a 12 month high of $27.17. The firm has a market capitalization of $137.04 million, a P/E ratio of 13.26 and a beta of 1.97.

inTEST (NYSE:INTT) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $27.88 million for the quarter, compared to analysts’ expectations of $32.70 million. inTEST had a return on equity of 13.46% and a net margin of 8.02%. As a group, analysts anticipate that inTEST Co. will post 1.04 earnings per share for the current year.

inTEST 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.