In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Intest Corp (NYSEMKT:INTT) reported that Holt Alyn R has picked up 1,513,400 of common stock as of 2017-03-30.
The acquisition brings the aggregate amount owned by Holt Alyn R to a total of 1,513,400 representing a 14.5% stake in the company.
For those not familiar with the company, inTEST Corporation is an independent designer, manufacturer and marketer of thermal, mechanical and electrical products that are used by semiconductor manufacturers in conjunction with automated test equipment (ATE), in the testing of integrated circuit (ICs). The Company operates through three segments: Thermal Products, Mechanical Products and Electrical Products. Its thermal products are sold into the environmental test market encompassing a range of markets, including the ATE, automotive, consumer electronics, defense/aerospace, energy, industrial and telecommunications markets. It offers three lines of manipulator products: the in2(R), the Aero Series and the Cobal Series. Its electrical products, which include various types of tester interfaces, provide the electrical connections between the tester and the wafer prober or IC handler to carry the electrical signals between the tester and the probe card on the prober or the test socket on the handler.
A glance at Intest Corp (NYSEMKT:INTT)’s key stats reveals a current market capitalization of 66.57 Million based on 10.40 Million shares outstanding and a price at last close of $6.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-08, Nokomis picked up 24,295 at a purchase price of $4.15. This brings their total holding to 1,155,461 as of the date of the filing.
On the sell side, the most recent transaction saw Satterfield unload 3,100 shares at a sale price of $6.34. This brings their total holding to 595,097.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Intest Corp (NYSEMKT:INTT) as things move forward to see if its progress aligns with these transactions.
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