Barclays PLC Has $62,000 Position in Drilling Tools International Co. (NASDAQ:DTI)

Barclays PLC lifted its position in shares of Drilling Tools International Co. (NASDAQ:DTI) by 414.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,730 shares of the company’s stock after acquiring an additional 13,479 shares during the period. Barclays PLC’s holdings in Drilling Tools International were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Drilling Tools International during the second quarter worth about $99,000. Rhumbline Advisers bought a new stake in shares of Drilling Tools International during the 2nd quarter valued at approximately $49,000. Woodstock Corp acquired a new stake in Drilling Tools International in the third quarter valued at approximately $57,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Drilling Tools International by 28.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 28,283 shares of the company’s stock worth $105,000 after buying an additional 6,201 shares during the last quarter. Institutional investors and hedge funds own 2.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners dropped their price target on Drilling Tools International from $7.50 to $5.50 and set a “buy” rating for the company in a research note on Friday, November 15th.

Drilling Tools International Stock Down 3.5 %

Shares of NASDAQ DTI opened at $3.33 on Friday. The company has a 50 day simple moving average of $3.40 and a 200 day simple moving average of $4.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 0.99. Drilling Tools International Co. has a 1 year low of $2.43 and a 1 year high of $6.36. The firm has a market cap of $115.57 million, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.04 and a beta of -0.86.

Drilling Tools International 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.