2 weeks Ago By ABMN Staff
Rhumbline Advisers bought a new stake in Drilling Tools International Co. ( NASDAQ:DTI – Free Report ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,749 shares of the company’s stock, valued at approximately $49,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fifth Lane Capital LP lifted its position in Drilling Tools International by 12.6% during the 1st quarter.
Fifth Lane Capital LP now owns 45,000 shares of the company’s stock worth $135,000 after acquiring an additional 5,024 shares in the last quarter. Shaolin Capital Management LLC raised its stake in shares of Drilling Tools International by 14.0% during the first quarter.
Shaolin Capital Management LLC now owns 83,217 shares of the company’s stock valued at $250,000 after purchasing an additional 10,204 shares during the period. Gendell Jeffrey L acquired a new position in shares of Drilling Tools International during the first quarter worth $35,000. Bank of New York Mellon Corp purchased a new position in shares of Drilling Tools International in the second quarter valued at $99,000.
Finally, Concurrent Investment Advisors LLC grew its holdings in Drilling Tools International by 30.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 85,000 shares of the company’s stock valued at $255,000 after purchasing an additional 20,000 shares in the last quarter.
Institutional investors and hedge funds own 2.79% of the company’s stock. Drilling Tools International Trading Down 0.
5 % Shares of DTI opened at $3.73 on Tuesday. Drilling Tools International Co.
has a one year low of $2.43 and a one year high of $6.36.
The stock has a 50-day moving average price of $4.29 and a 200 day moving average price of $4.81.
The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.
97. The company has a market capitalization of $111.04 million, a P/E ratio of 8.
67, a P/E/G ratio of 1.18 and a beta of -0.98.
Analyst Ratings Changes Separately, Alliance Global Partners cut their price objective on shares of Drilling Tools International from $8.50 to $7.50 and set a “buy” rating on the stock in a report on Wednesday, August 7th.
Get Our Latest Report on Drilling Tools International Drilling Tools International Company 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.
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