inTEST Corporation (INTT) Rose in Q1 Along with Peers
Liberty Park Capital Management, LLC, a financial management company, released its first quarter 2023 investor letter. A copy of the same can be downloaded here. Liberty Park Fund rose 7.45%, net of fees, in the first quarter compared to the Russell 2000 Index’s 2.74% return. The long position of the fund gained 6.02% while the short position fell 1.25% in the quarter. The long position contributed 6.16% and the short position contributed 1.08% on a weight-adjusted basis. Liberty Park Select Opportunities, LP’s value returned 0.57%, net of fees in the first quarter. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Liberty Park Capital highlighted stocks like InTEST Corporation (NYSE:INTT) in the first quarter 2023 investor letter. Headquartered in Mount Laurel, New Jersey, InTEST Corporation (NYSE:INTT) provides precision-engineered solutions for manufacturing and testing across various industries. On May 02, 2023, InTEST Corporation (NYSE:INTT) stock closed at $19.38 per share. One-month return of InTEST Corporation (NYSE:INTT) was 5.79%, and its shares gained 130.99% of their value over the last 52 weeks. InTEST Corporation (NYSE:INTT) has a market capitalization of $215.533 million.
Liberty Park Capital made the following comment about InTEST Corporation (NYSE:INTT) in its Q1 2023 investor letter:
"We are pleased that Liberty Park Fund, LP has gotten off to a strong start in 2023. January was a particularly strong month for both of our funds, and LPF was able to use the market’s strength to install several new short positions; those positions greatly helped the portfolio in February and March as the market receded.
InTEST Corporation (NYSE:INTT) manufactures induction heating solutions for growing silicon carbide (SiC) crystals. The company beat analysts’ earnings expectations and shares rose during the quarter along with other silicon carbide industry peers."
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InTEST Corporation (NYSE:INTT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held InTEST Corporation (NYSE:INTT) at the end of the fourth quarter which was 5 in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
