Drilling Tools International (NASDAQ:DTI) Insider Sells $99,984.00 in Stock

Drilling Tools International Corp. (NASDAQ:DTI) insider Michael Wayne Jr. Domino sold 24,996 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $4.00, for a total value of $99,984.00. Following the sale, the insider owned 1,433,054 shares in the company, valued at $5,732,216. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 value 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 value 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 value of $5,228.33.
• On Friday, October 24th, Michael Wayne Jr. Domino sold 2,083 shares of Drilling Tools International stock. The shares were sold at an average price of $2.50, for a total value of $5,207.50.

Drilling Tools International Price Performance

Shares of NASDAQ DTI opened at $3.84 on Friday. The stock has a market cap of $135.17 million, a P/E ratio of -20.21, a P/E/G ratio of 2.89 and a beta of -0.38. The firm’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $2.39. Drilling Tools International Corp. has a fifty-two week low of $1.43 and a fifty-two week high of $4.05. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.37.

Drilling Tools International (NASDAQ:DTI) last released its earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $38.82 million for the quarter, compared to analysts’ expectations of $36.18 million. Drilling Tools International had a negative net margin of 3.93% and a positive return on equity of 1.12%. Equities analysts expect that Drilling Tools International Corp. will post 0.38 EPS for the current year.

Hedge Funds Weigh In On Drilling Tools International

Hedge funds have recently modified their holdings of the stock. Sanders Morris Harris LLC acquired a new stake in shares of Drilling Tools International during the third quarter worth $34,000. Qube Research & Technologies Ltd acquired a new stake in Drilling Tools International during the 2nd quarter worth about $49,000. Citadel Advisors LLC purchased a new stake in Drilling Tools International during the third quarter valued at about $55,000. Bridgeway Capital Management LLC boosted its holdings in shares of Drilling Tools International by 187.0% in the second quarter. Bridgeway Capital Management LLC now owns 71,741 shares of the company’s stock worth $204,000 after buying an additional 46,741 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Drilling Tools International in the second quarter worth approximately $139,000. 2.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Drilling Tools International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Wall Street Zen raised Drilling Tools International to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Drilling Tools International in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.