Jane Street Group LLC Cuts Stock Holdings in inTEST Co. (NYSE:INTT)

Jane Street Group LLC lessened its holdings in inTEST Co. (NYSE:INTT) by 42.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,042 shares of the company’s stock after selling 21,315 shares during the quarter. Jane Street Group LLC owned 0.23% of inTEST worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bard Associates Inc. boosted its stake in shares of inTEST by 2.1% in the third quarter. Bard Associates Inc. now owns 199,170 shares of the company’s stock valued at $1,454,000 after buying an additional 4,105 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in shares of inTEST during the 2nd quarter worth $132,000. American Century Companies Inc. purchased a new position in shares of inTEST in the 2nd quarter valued at about $145,000. Federated Hermes Inc. acquired a new stake in shares of inTEST in the second quarter valued at about $436,000. Finally, First Eagle Investment Management LLC boosted its holdings in inTEST by 18.0% during the second quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company’s stock worth $5,576,000 after buying an additional 86,100 shares in the last quarter. Institutional investors and hedge funds own 63.18% of the company’s stock.

Analysts Set New Price Targets

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

inTEST Stock Performance

Shares of INTT opened at $8.64 on Monday. inTEST Co. has a 12-month low of $6.28 and a 12-month high of $14.35. The stock has a market cap of $106.92 million, a P/E ratio of 37.57 and a beta of 1.85. 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 moving average of $7.99 and a two-hundred day moving average of $8.03.

inTEST (NYSE:INTT) last posted its earnings results on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. inTEST had a return on equity of 5.31% and a net margin of 2.33%. The firm had revenue of $30.27 million for the quarter, compared to analyst estimates of $32.97 million. As a group, research analysts predict that inTEST Co. will post 0.41 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.