Walleye Capital LLC Buys New Shares in inTEST Co. $INTT

Walleye Capital LLC acquired a new position in shares of inTEST Co. (NYSE:INTT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 69,815 shares of the company’s stock, valued at approximately $953,000. Walleye Capital LLC owned approximately 0.56% of inTEST as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Globeflex Capital L P lifted its holdings in shares of inTEST by 632.6% in the first quarter. Globeflex Capital L P now owns 118,572 shares of the company’s stock valued at $1,619,000 after purchasing an additional 102,387 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in inTEST during the first quarter valued at $296,000. Hsbc Holdings PLC purchased a new stake in inTEST in the 1st quarter worth about $254,000. Ritholtz Wealth Management boosted its position in inTEST by 112.8% during the 1st quarter. Ritholtz Wealth Management now owns 76,056 shares of the company’s stock worth $1,038,000 after acquiring an additional 40,312 shares during the period. Finally, Bridge City Capital LLC grew its stake in inTEST by 37.7% during the 4th quarter. Bridge City Capital LLC now owns 59,286 shares of the company’s stock valued at $443,000 after acquiring an additional 16,240 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of inTEST from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

inTEST Stock Down 6.3%

inTEST stock opened at $13.78 on Friday. The firm has a market cap of $173.15 million, a price-to-earnings ratio of 59.92 and a beta of 1.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. inTEST Co. has a fifty-two week low of $6.63 and a fifty-two week high of $20.00. The firm has a fifty day moving average price of $16.41 and a two-hundred day moving average price of $14.05.

About inTEST

inTEST Corporation (NYSE: INTT) is a developer and manufacturer of precision instrumentation and test solutions designed for the semiconductor, microelectronics and related manufacturing industries. The company’s offerings focus on thermal management and instrument interface technologies that support the environmental conditioning and electrical performance evaluation of devices under test. These solutions include temperature controllers and cyclers, thermal subsystems, load boards, connectors and custom test interfaces engineered to accelerate reliability testing, product qualification and high-volume production measurement.

Serving customers across North America, Europe and Asia, inTEST supports semiconductor fabs, assembly and packaging facilities, research laboratories and OEM equipment builders.