Russell Investments Group Ltd. Buys 81,416 Shares of inTEST Co. $INTT

Key Points

• Russell Investments Group Ltd. increased its stake in inTEST Co. by 187% in the first quarter, now owning 1.00% of the company worth $873,000.
• inTEST Co.'s stock is currently valued at $7.00, showing a 2.5% decline recently, with a market cap of $87.35 million.
• Analysts have a consensus price target of $12.00 for inTEST, with two analysts rating it a Buy and one holding a Hold rating.

Russell Investments Group Ltd. increased its holdings in inTEST Co. (NYSE:INTT - Free Report) by 187.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,959 shares of the company's stock after acquiring an additional 81,416 shares during the quarter. Russell Investments Group Ltd. owned about 1.00% of inTEST worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTT. Northern Trust Corp lifted its stake in inTEST by 8.2% in the fourth quarter. Northern Trust Corp now owns 40,328 shares of the company's stock worth $346,000 after acquiring an additional 3,048 shares during the period. Jane Street Group LLC lifted its stake in inTEST by 9.0% in the fourth quarter. Jane Street Group LLC now owns 31,644 shares of the company's stock worth $272,000 after acquiring an additional 2,602 shares during the period. Ameriprise Financial Inc. lifted its stake in inTEST by 43.2% in the fourth quarter. Ameriprise Financial Inc. now owns 493,524 shares of the company's stock worth $4,239,000 after acquiring an additional 148,784 shares during the period. Farther Finance Advisors LLC purchased a new stake in inTEST in the first quarter worth $41,000. Finally, Byrne Asset Management LLC bought a new stake in shares of inTEST during the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 63.18% of the company's stock.

inTEST Stock Down 2.1%

Shares of NYSE INTT traded down $0.15 during mid-day trading on Thursday, hitting $7.12. 29,690 shares of the stock traded hands, compared to its average volume of 37,843. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. inTEST Co. has a 52 week low of $5.24 and a 52 week high of $9.77. The company has a market cap of $88.84 million, a price-to-earnings ratio of 30.96 and a beta of 1.58. The stock has a fifty day moving average price of $7.20 and a 200-day moving average price of $6.93.

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.