inTEST Co. (NYSE:INTT) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in inTEST Co. (NYSE:INTT - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 493,524 shares of the company's stock after acquiring an additional 148,784 shares during the period. Ameriprise Financial Inc. owned 3.99% of inTEST worth $4,239,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in shares of inTEST by 9.0% during the fourth quarter. Jane Street Group LLC now owns 31,644 shares of the company's stock valued at $272,000 after buying an additional 2,602 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company's stock valued at $274,000 after purchasing an additional 11,102 shares during the period. Northern Trust Corp lifted its stake in shares of inTEST by 8.2% in the 4th quarter. Northern Trust Corp now owns 40,328 shares of the company's stock worth $346,000 after purchasing an additional 3,048 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of inTEST by 208.9% in the fourth quarter. Russell Investments Group Ltd. now owns 43,543 shares of the company's stock worth $374,000 after buying an additional 29,445 shares during the last quarter. Finally, AMH Equity Ltd grew its position 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 buying an additional 1,990 shares during the period. 63.18% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Gerald J. Maginnis purchased 7,557 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $5.78 per share, for a total transaction of $43,679.46. Following the acquisition, the director now owns 78,057 shares of the company's stock, valued at $451,169.46. The trade was a 10.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.50% of the company's stock.

inTEST Price Performance

NYSE INTT traded down $0.05 during trading on Friday, hitting $6.32. 5,002 shares of the stock traded hands, compared to its average volume of 64,544. The company has a market capitalization of $78.98 million, a P/E ratio of 27.48 and a beta of 1.63. inTEST Co. has a 12-month low of $5.24 and a 12-month high of $11.92. The firm has a 50-day simple moving average of $6.21 and a 200-day simple moving average of $7.50. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08.

inTEST (NYSE:INTT - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same period in the previous year, the business posted $0.10 earnings per share. As a group, analysts predict that inTEST Co. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Northland Capmk cut shares of inTEST from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 5th. Lake Street Capital decreased their target price on shares of inTEST from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Monday, May 5th.

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.