Key Points
- Insider Michael Wayne Jr. Domino sold 24,996 shares on January 21 at $4.00 each for a total of $99,984, reducing his holdings to 1,433,054 shares (a 1.71% decrease) after a series of smaller sales in Oct–Jan.
- DTI stock opened at $4.00 (up about 10.8%) with a $140.8M market cap and a 52-week range of $1.43–$4.05; the company recently beat quarterly EPS and revenue estimates (EPS $0.02 vs. -$0.01 consensus) but has mixed analyst ratings (average "Moderate Buy").
Drilling Tools International Corp. (NASDAQ:DTI - Get Free Report) insider Michael Wayne Jr. Domino sold 24,996 shares of Drilling Tools International stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $4.00, for a total transaction of $99,984.00. Following the completion of the transaction, the insider directly owned 1,433,054 shares in the company, valued at approximately $5,732,216. This represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Michael Wayne Jr. Domino also recently made the following trade(s):
- 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.
- On Monday, November 17th, Michael Wayne Jr. Domino sold 2,083 shares of Drilling Tools International stock. The stock was sold at an average price of $2.51, for a total transaction of $5,228.33.
- On Friday, October 24th, Michael Wayne Jr. Domino sold 2,083 shares of Drilling Tools International stock. The stock was sold at an average price of $2.50, for a total transaction of $5,207.50.
Drilling Tools International Stock Up 10.8%
DTI stock opened at $4.00 on Thursday. The stock has a market capitalization of $140.80 million, a price-to-earnings ratio of -21.05, a price-to-earnings-growth ratio of 2.67 and a beta of -0.38. The company has a 50-day moving average of $2.74 and a two-hundred day moving average of $2.37. Drilling Tools International Corp. has a 52-week low of $1.43 and a 52-week high of $4.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.04 and a quick ratio of 1.47.
Drilling Tools International (NASDAQ:DTI - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. Drilling Tools International had a positive return on equity of 1.12% and a negative net margin of 3.93%.The business had revenue of $38.82 million during the quarter, compared to analysts' expectations of $36.18 million. As a group, equities research analysts anticipate that Drilling Tools International Corp. will post 0.38 EPS for the current year.
Institutional Investors Weigh In On Drilling Tools International
Several institutional investors and hedge funds have recently bought and sold shares of DTI. Gendell Jeffrey L raised its stake in shares of Drilling Tools International by 20.9% in the 2nd quarter. Gendell Jeffrey L now owns 1,414,027 shares of the company's stock valued at $4,030,000 after buying an additional 244,157 shares in the last quarter. Cresset Asset Management LLC raised its position in 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. Global Retirement Partners LLC bought a new position in Drilling Tools International during the second quarter worth about $221,000. Bridgeway Capital Management LLC lifted its stake in Drilling Tools International by 187.0% during the second quarter. Bridgeway Capital Management LLC now owns 71,741 shares of the company's stock worth $204,000 after purchasing an additional 46,741 shares during the period. Finally, MAI Capital Management boosted its holdings in Drilling Tools International by 8,394.3% during the third quarter. MAI Capital Management now owns 65,831 shares of the company's stock valued at $151,000 after purchasing an additional 65,056 shares in the last quarter. Institutional investors own 2.79% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on DTI shares. Wall Street Zen upgraded shares of Drilling Tools International to a "hold" rating in a research note on Saturday, January 17th. Zacks Research upgraded shares of Drilling Tools International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Drilling Tools International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".
View Our Latest Stock Report on Drilling Tools International
Drilling Tools International Company Profile
(
Get 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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