Pacific Ridge Capital Partners LLC Increases Stock Position in inTEST Co. (NYSE:INTT)

Pacific Ridge Capital Partners LLC boosted its position in shares of inTEST Co. (NYSE:INTT) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 582,483 shares of the company’s stock after buying an additional 36,031 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 4.71% of inTEST worth $5,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in shares of inTEST by 17.5% in the fourth quarter. Royce & Associates LP now owns 1,433,099 shares of the company’s stock valued at $12,310,000 after buying an additional 213,942 shares in the last quarter. First Eagle Investment Management LLC grew its stake in inTEST by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 602,608 shares of the company’s stock valued at $5,176,000 after acquiring an additional 16,744 shares during the period. CM Management LLC increased its holdings in inTEST by 4.3% in the 4th quarter. CM Management LLC now owns 365,000 shares of the company’s stock worth $3,135,000 after acquiring an additional 15,000 shares in the last quarter. Bard Associates Inc. raised 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 acquiring an additional 11,321 shares during the period. Finally, AMH Equity Ltd lifted its holdings in inTEST by 1.7% during the fourth quarter. AMH Equity Ltd now owns 117,990 shares of the company’s stock valued at $1,014,000 after purchasing an additional 1,990 shares in the last quarter. Hedge funds and other institutional investors own 63.18% of the company’s stock.

inTEST Stock Performance

NYSE:INTT opened at $7.50 on Thursday. The company has a market cap of $92.80 million, a P/E ratio of 32.61 and a beta of 1.90. inTEST Co. has a twelve month low of $6.28 and a twelve month high of $14.35. The company’s 50-day moving average price is $8.28 and its 200-day moving average price is $7.84. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08.

inTEST (NYSE:INTT) last released its earnings results on Friday, March 7th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. inTEST had a net margin of 2.33% and a return on equity of 5.31%. During the same period last year, the business posted $0.16 EPS. On average, sell-side analysts forecast that inTEST Co. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTT has been the subject of a number of research reports. Northland Securities boosted their target price on shares of inTEST from $13.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Northland Capmk raised inTEST from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 2nd.

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.