Drilling Tools International Co. (NASDAQ:DTI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of Drilling Tools International Co. (NASDAQ:DTI) by 42.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,689 shares of the company’s stock after buying an additional 3,806 shares during the period. Rhumbline Advisers’ holdings in Drilling Tools International were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DTI. Geode Capital Management LLC lifted its stake in shares of Drilling Tools International by 31.5% during the third quarter. Geode Capital Management LLC now owns 209,808 shares of the company’s stock worth $783,000 after buying an additional 50,236 shares during the period. Barclays PLC lifted its position in Drilling Tools International by 414.6% during the third quarter. Barclays PLC now owns 16,730 shares of the company’s stock valued at $62,000 after purchasing an additional 13,479 shares during the period. JPMorgan Chase & Co. lifted its position in Drilling Tools International by 189.5% during the third quarter. JPMorgan Chase & Co. now owns 20,241 shares of the company’s stock valued at $75,000 after purchasing an additional 13,249 shares during the period. Soltis Investment Advisors LLC acquired a new position in Drilling Tools International during the fourth quarter valued at $36,000. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 valued at $105,000 after purchasing an additional 6,201 shares during the period. 2.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Drilling Tools International Trading Down 1.7 %

Shares of Drilling Tools International stock opened at $2.85 on Wednesday. The firm has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $3.45. The company has a market cap of $101.44 million, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.90 and a beta of -0.86. Drilling Tools International Co. has a fifty-two week low of $2.50 and a fifty-two week high of $6.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 1.32.

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.