American Century Companies Inc. Takes $145,000 Position in inTEST Co. (NYSE:INTT)

American Century Companies Inc. acquired a new stake in shares of inTEST Co. (NYSE:INTT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,673 shares of the company’s stock, valued at approximately $145,000. American Century Companies Inc. owned about 0.12% of inTEST as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CM Management LLC grew its stake in shares of inTEST by 37.3% during the 2nd quarter. CM Management LLC now owns 309,000 shares of the company’s stock valued at $3,053,000 after purchasing an additional 84,000 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of inTEST by 21.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock worth $188,000 after buying an additional 2,476 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in inTEST during the second quarter valued at approximately $1,218,000. Ground Swell Capital LLC purchased a new stake in inTEST during the second quarter valued at approximately $112,000. Finally, Vanguard Group Inc. raised its position in inTEST by 1.7% in the first quarter. Vanguard Group Inc. now owns 816,735 shares of the company’s stock worth $10,822,000 after acquiring an additional 13,722 shares during the period. Institutional investors own 63.18% of the company’s stock.

inTEST Price Performance

Shares of NYSE:INTT opened at $6.95 on Friday. The company has a market capitalization of $86.81 million, a P/E ratio of 10.69 and a beta of 1.92. inTEST Co. has a 1-year low of $6.28 and a 1-year high of $15.47. The firm’s 50 day simple moving average is $7.22 and its two-hundred day simple moving average is $9.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.24 and a quick ratio of 1.46.

inTEST (NYSE:INTT) last released its 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 net margin of 4.27% and a return on equity of 7.64%. The firm had revenue of $33.99 million for the quarter, compared to analysts’ expectations of $34.80 million. Research analysts expect that inTEST Co. will post 0.35 EPS for the current fiscal year.

Insider Activity

In related news, CEO Richard N. Jr. Grant sold 6,788 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $6.97, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.50% of the company’s stock.

Analysts Set New Price Targets

INTT has been the subject of a number of recent research reports. Northland Capmk downgraded shares of inTEST from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Northland Securities downgraded inTEST from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $15.00 to $10.00 in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.00.

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.