Bank of New York Mellon Corp Has $774,000 Stake in inTEST Co. (NYSE:INTT)

Bank of New York Mellon Corp cut its position in inTEST Co. (NYSE:INTT) by 26.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,355 shares of the company’s stock after selling 27,887 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of inTEST worth $774,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of inTEST by 21.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock worth $188,000 after purchasing an additional 2,476 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in inTEST by 24.9% during 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 increased 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 valued at $322,000 after purchasing an additional 13,900 shares during the period. Bard Associates Inc. boosted its position in inTEST by 0.8% during the fourth 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 last quarter. Finally, Juniper Investment Company LLC increased its holdings in inTEST by 72.9% in the first quarter. Juniper Investment Company LLC now owns 201,966 shares of the company’s stock worth $2,676,000 after purchasing an additional 85,129 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Northland Securities downgraded inTEST from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $15.00 to $10.00 in a report on Monday, August 5th. Northland Capmk lowered inTEST from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.00.

Insider Buying and Selling

In other inTEST news, CEO Richard N. Jr. Grant sold 6,788 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

inTEST Stock Down 4.8 %

Shares of NYSE INTT opened at $6.77 on Monday. The firm’s 50 day simple moving average is $8.00 and its two-hundred day simple moving average is $9.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.24 and a quick ratio of 1.46. inTEST Co. has a one year low of $6.28 and a one year high of $15.50. The stock has a market capitalization of $84.56 million, a P/E ratio of 10.42 and a beta of 1.92.

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

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.