2 weeks Ago By Defense World Staff
Rhumbline Advisers bought a new stake in shares of Drilling Tools International Co. ( NASDAQ:DTI – Free Report ) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,749 shares of the company’s stock, valued at approximately $49,000.
Other hedge funds also recently bought and sold shares of the company. Gendell Jeffrey L purchased a new stake in shares of Drilling Tools International during the first quarter worth about $35,000. Bank of New York Mellon Corp purchased a new stake in Drilling Tools International in the 2nd quarter worth approximately $99,000.
Fifth Lane Capital LP raised its holdings in Drilling Tools International by 12.6% in the 1st quarter. Fifth Lane Capital LP now owns 45,000 shares of the company’s stock valued at $135,000 after acquiring an additional 5,024 shares during the last quarter.
Shaolin Capital Management LLC lifted its stake in shares of Drilling Tools International by 14.0% during the 1st quarter. Shaolin Capital Management LLC now owns 83,217 shares of the company’s stock worth $250,000 after purchasing an additional 10,204 shares during the period.
Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Drilling Tools International by 30.8% during the first quarter. Concurrent Investment Advisors LLC now owns 85,000 shares of the company’s stock worth $255,000 after purchasing an additional 20,000 shares during the last quarter.
Hedge funds and other institutional investors own 2.79% of the company’s stock. Wall Street Analyst Weigh In Separately, Alliance Global Partners dropped their target price on Drilling Tools International from $8.
50 to $7.50 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Drilling Tools International Trading Down 0.
5 % Shares of DTI stock opened at $3.73 on Tuesday. Drilling Tools International Co.
has a 1-year low of $2.43 and a 1-year high of $6.36.
The firm’s 50-day simple moving average is $4.29 and its 200-day simple moving average is $4.81.
The firm has a market cap of $111.04 million, a P/E ratio of 8.67, a PEG ratio of 1.
18 and a beta of -0.98. The company has a debt-to-equity ratio of 0.
21, a current ratio of 1.97 and a quick ratio of 1.50.
Drilling Tools International ( NASDAQ:DTI – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
12 by ($0.02). Drilling Tools International had a return on equity of 16.
64% and a net margin of 7.85%. The company had revenue of $37.
53 million for the quarter, compared to analysts’ expectations of $42.72 million. As a group, equities analysts forecast that Drilling Tools International Co.
will post 0.37 EPS for the current year. Drilling Tools International Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Drilling Tools International How is Compound Interest Calculated? TJX Stock: A Buying Opportunity Before the Holiday Rush The Basics of Support and Resistance Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge What is the S&P 500 and How It is Distinct from Other Indexes Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Want to see what other hedge funds are holding DTI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Drilling Tools International Co. ( NASDAQ:DTI – Free Report ). Receive News & Ratings for Drilling Tools International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drilling Tools International and related companies with MarketBeat.
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