Pacific Ridge Capital Lowers INTT Stake to 2.0%

TL;DR

**Pacific Ridge Capital cut its INTT stake to 2.0%, watch for potential selling pressure.**

AI Summary

Pacific Ridge Capital Partners, LLC, an investment firm based in Lake Oswego, OR, filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in inTest Corporation (INTT). As of December 31, 2023, Pacific Ridge beneficially owned 234,592 shares of INTT's Common Stock, representing 2.0% of the company. This filing indicates a decrease in their stake from a previous disclosure, suggesting a potential shift in their investment strategy or a rebalancing of their portfolio, which could impact investor sentiment for INTT stock.

Why It Matters

This filing shows a significant institutional investor has reduced its position in inTest Corporation, which could signal a less bullish outlook on the company's future performance.

Risk Assessment

Risk Level: medium — A reduction in ownership by an institutional investor can sometimes precede further selling or indicate concerns about the company's prospects, creating uncertainty for other shareholders.

Analyst Insight

Investors should monitor future institutional ownership filings for INTT and consider if this reduction by Pacific Ridge Capital Partners, LLC aligns with their own investment thesis or if it signals a need for further due diligence into inTest Corporation's fundamentals.

Key Numbers

• 234,592 — Shares Beneficially Owned (This is the number of INTT shares Pacific Ridge Capital Partners, LLC reported owning as of December 31, 2023.)
• 2.0% — Percentage of Class (This represents the percentage of inTest Corporation's Common Stock owned by Pacific Ridge Capital Partners, LLC, indicating a reduced stake.)

Key Players & Entities

• Pacific Ridge Capital Partners, LLC (company) — the reporting person who filed the SC 13G/A
• inTest Corporation (company) — the issuer of the securities
• 234,592 (dollar_amount) — shares beneficially owned by Pacific Ridge Capital Partners, LLC
• December 31, 2023 (date) — the date of the event requiring the filing
• February 12, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in INTT following this disclosure. (INTT) — medium confidence, target: Q1 2024
• INTT's stock price could experience minor downward pressure or increased volatility in the short term. (INTT) — low confidence, target: next 1-2 weeks

FAQ

Filing Documents

• INTT13Ga2023v3.htm (SC 13G/A) — 6KB
• 0001591546-24-000004.txt ( ) — 7KB

Ownership

Item 4. Ownership (a) Amount Beneficially Owned: 356,042 (b) Percent of Class: 2.93% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 234,592 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 356,042 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X ].

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five Percent on Behalf of Another Person. None Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. N/A

Identification and classification of members of the group

Item 8. Identification and classification of members of the group. N/A

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A

Certifications

Item 10. Certifications. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated:February 12, 2024 Pacific Ridge Capital Partners By: /s/ Peter Trumbo Name: Peter Trumbo Title: Chief Compliance Officer The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 5 of 5 1297544.3

View Full Filing

View this SC 13G/A filing on SEC EDGAR