First Eagle Investment Management LLC Buys 86,100 Shares of inTEST Co. (NYSE:INTT)

First Eagle Investment Management LLC increased its stake in shares of inTEST Co. (NYSE:INTT) by 18.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 564,364 shares of the company’s stock after acquiring an additional 86,100 shares during the period. First Eagle Investment Management LLC owned about 4.52% of inTEST worth $5,576,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bard Associates Inc. grew its position in shares of inTEST by 0.8% in the 4th 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 period. Allspring Global Investments Holdings LLC grew its holdings in inTEST by 21.2% during the first 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 during the period. D.A. Davidson & CO. grew its holdings in shares of inTEST by 24.9% during 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 during the last quarter. Ground Swell Capital LLC acquired a new position in shares of inTEST in the second quarter valued at approximately $112,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in inTEST during the 2nd quarter worth approximately $132,000. 63.18% of the stock is owned by institutional investors and hedge funds.

inTEST Trading Down 4.6 %

INTT opened at $6.78 on Friday. inTEST Co. has a twelve month low of $6.28 and a twelve month high of $15.50. The company has a fifty day moving average of $8.00 and a 200-day moving average of $9.85. The stock has a market cap of $84.68 million, a PE ratio of 10.43 and a beta of 1.92. The company has a quick ratio of 1.46, a current ratio of 2.24 and a debt-to-equity ratio of 0.09.

inTEST (NYSE:INTT) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). inTEST had a return on equity of 7.64% and a net margin of 4.27%. The business had revenue of $33.99 million for the quarter, compared to analyst estimates of $34.80 million. On average, sell-side analysts predict that inTEST Co. will post 0.35 EPS for the current year.

Analysts Set New Price Targets

INTT has been the topic of several analyst reports. Northland Capmk cut shares of inTEST from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Northland Securities lowered inTEST from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $15.00 to $10.00 in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, inTEST presently has a consensus rating of “Hold” and an average price target of $13.00.

Insider Buying and Selling at inTEST

In other news, CEO Richard N. Jr. Grant sold 6,788 shares of inTEST 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 completion of the sale, the chief executive officer now owns 164,929 shares in the company, valued at approximately $1,149,555.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.50% of the company’s stock.

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.