Drilling Tools International Co. (NASDAQ:DTI) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC raised its stake in shares of Drilling Tools International Co. (NASDAQ:DTI) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,079 shares of the company’s stock after acquiring an additional 5,574 shares during the period. Global Retirement Partners LLC’s holdings in Drilling Tools International were worth $262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DTI. Charles Schwab Investment Management Inc. boosted its position in shares of Drilling Tools International by 28.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 28,283 shares of the company’s stock worth $105,000 after purchasing an additional 6,201 shares during the period. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 50,236 shares in the last quarter. Barclays PLC boosted its position in shares of Drilling Tools International by 414.6% during the third quarter. Barclays PLC now owns 16,730 shares of the company’s stock worth $62,000 after buying an additional 13,479 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Drilling Tools International by 189.5% in the third quarter. JPMorgan Chase & Co. now owns 20,241 shares of the company’s stock valued at $75,000 after buying an additional 13,249 shares in the last quarter. Finally, Soltis Investment Advisors LLC purchased a new stake in shares of Drilling Tools International in the 4th quarter valued at $36,000. 2.79% of the stock is owned by hedge funds and other institutional investors.

Drilling Tools International Price Performance

Shares of DTI opened at $3.28 on Tuesday. The company has a market cap of $116.74 million, a P/E ratio of 11.71, a PEG 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 quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average price is $3.26 and its 200 day moving average price is $3.53.

Analyst Ratings Changes

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

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.