Drilling Tools International (NASDAQ:DTI) Insider Sells $24,746.04 in Stock

Drilling Tools International Corp. (NASDAQ:DTI) insider Michael Wayne Jr. Domino sold 6,249 shares of Drilling Tools International stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $3.96, for a total value of $24,746.04. Following the completion of the transaction, the insider owned 1,426,805 shares of the company’s stock, valued at approximately $5,650,147.80. The trade was a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Michael Wayne Jr. Domino also recently made the following trade(s):

• On Wednesday, January 21st, Michael Wayne Jr. Domino sold 24,996 shares of Drilling Tools International stock. The stock was sold at an average price of $4.00, for a total value of $99,984.00.
• On Thursday, January 15th, Michael Wayne Jr. Domino sold 2,083 shares of Drilling Tools International stock. The stock was sold at an average price of $3.36, for a total transaction of $6,998.88.
• On Monday, December 15th, Michael Wayne Jr. Domino sold 2,083 shares of Drilling Tools International stock. The shares were sold at an average price of $2.65, for a total transaction of $5,519.95.

Drilling Tools International Stock Up 2.0%

Shares of NASDAQ:DTI opened at $4.05 on Friday. The company’s fifty day moving average is $3.29 and its two-hundred day moving average is $2.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.47 and a current ratio of 2.04. Drilling Tools International Corp. has a 1-year low of $1.43 and a 1-year high of $4.38. The stock has a market capitalization of $142.56 million, a price-to-earnings ratio of -21.32, a price-to-earnings-growth ratio of 2.94 and a beta of -0.35.

Analyst Upgrades and Downgrades

DTI has been the topic of a number of recent research reports. Wall Street Zen raised shares of Drilling Tools International to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Drilling Tools International in a research report on Wednesday, January 21st. Finally, Zacks Research lowered Drilling Tools International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Drilling Tools International currently has an average rating of “Reduce”.

Hedge Funds Weigh In On Drilling Tools International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gendell Jeffrey L increased its position in Drilling Tools International by 29.2% in the 4th quarter. Gendell Jeffrey L now owns 2,439,737 shares of the company’s stock valued at $5,977,000 after acquiring an additional 552,046 shares during the period. Cresset Asset Management LLC grew its stake in shares of Drilling Tools International by 184.5% in the third quarter. Cresset Asset Management LLC now owns 200,521 shares of the company’s stock worth $461,000 after purchasing an additional 130,032 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Drilling Tools International by 12.7% during the fourth quarter. Geode Capital Management LLC now owns 159,400 shares of the company’s stock valued at $391,000 after purchasing an additional 17,926 shares during the period. Bailard Inc. bought a new stake in shares of Drilling Tools International during the fourth quarter valued at about $190,000. Finally, Global Retirement Partners LLC acquired a new stake in Drilling Tools International in the second quarter worth about $221,000. 2.79% of the stock is currently owned by institutional investors and hedge funds.

Drilling Tools International Company Profile

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.