Royce & Associates Discloses 702,949 Share Stake in inTEST Corp.
Ticker: INTT · Form: SC 13G · Filed: Jan 23, 2024 · CIK: 1036262
| Field | Detail |
|---|---|
| Company | Intest Corp (INTT) |
| Form Type | SC 13G |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, investor-confidence
TL;DR
**Royce & Associates just revealed a big stake in INTT, signaling institutional confidence.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, reported beneficial ownership of 702,949 shares of inTEST Corporation (INTT) common stock as of December 31, 2023. This filing, an SC 13G, indicates that Royce & Associates holds significant sole voting and dispositive power over these shares. This matters to investors because a major institutional investor like Royce & Associates taking a substantial position can signal confidence in the company's future prospects, potentially influencing other investors and the stock price.
Why It Matters
This filing reveals a significant institutional investor's stake, which can be seen as a vote of confidence in inTEST Corporation and may attract further investor interest.
Risk Assessment
Risk Level: low — This filing generally indicates a passive investment by an institutional holder, which is typically not a high-risk event for the company.
Analyst Insight
A smart investor would research inTEST Corporation's fundamentals and recent performance to understand why Royce & Associates, LP took such a significant position, potentially indicating an undervalued opportunity.
Key Numbers
- 702,949 — Shares Beneficially Owned (Represents the total number of inTEST Corporation shares Royce & Associates, LP has sole voting and dispositive power over.)
- 461147100 — CUSIP Number (Unique identifier for inTEST Corporation's Common Stock, confirming the specific security.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- inTEST Corporation (company) — the subject company whose shares are being reported
- 702,949 (dollar_amount) — number of shares beneficially owned
- December 31, 2023 (date) — date of the event requiring the filing
- New York (company) — place of organization for Royce & Associates, LP
Forward-Looking Statements
- Other institutional investors may take a closer look at inTEST Corporation due to Royce & Associates' significant stake. (inTEST Corporation) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Royce & Associates, LP, an investment firm based in New York, as stated in the 'NAME OF REPORTING PERSON' section and 'CITIZENSHIP OR PLACE OF ORGANIZATION'.
What is the subject company whose shares are being reported?
The subject company is inTEST Corporation, identified under 'Name of Issuer' and 'COMPANY CONFORMED NAME' with CIK 0001036262.
How many shares of inTEST Corporation does Royce & Associates, LP beneficially own?
Royce & Associates, LP beneficially owns 702,949 shares of inTEST Corporation, as indicated under 'SOLE VOTING POWER' and 'SOLE DISPOSITIVE POWER' on the cover page.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What type of securities are being reported in this filing?
The securities being reported are 'Common Stock' of inTEST Corporation, as stated under 'Title of Class of Securities'.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 23, 2024 regarding INTEST CORP (INTT).