Drilling Tools International (NASDAQ:DTI) Insider Michael Wayne Jr. Domino Sells 6,249 Shares

Drilling Tools International Corp. (NASDAQ:DTI) insider Michael Wayne Jr. Domino sold 6,249 shares of Drilling Tools International stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $3.96, for a total value of $24,746.04. Following the completion of the transaction, the insider owned 1,426,805 shares in the company, valued at $5,650,147.80. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Michael Wayne Jr. Domino also recently made the following trade(s):

• On Wednesday, January 21st, Michael Wayne Jr. Domino sold 24,996 shares of Drilling Tools International stock. The shares were sold at an average price of $4.00, for a total value of $99,984.00.
• On Thursday, January 15th, Michael Wayne Jr. Domino sold 2,083 shares of Drilling Tools International stock. The shares were 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 stock was sold at an average price of $2.65, for a total value of $5,519.95.

Drilling Tools International Price Performance

NASDAQ DTI opened at $4.05 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. Drilling Tools International Corp. has a 1 year low of $1.43 and a 1 year high of $4.38. The company has a market cap of $142.56 million, a PE ratio of -21.32, a PEG ratio of 2.96 and a beta of -0.35. The stock’s 50-day moving average price is $3.24 and its two-hundred day moving average price is $2.57.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Drilling Tools International to a “hold” rating in a research note on Saturday, January 17th. Zacks Research lowered Drilling Tools International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Drilling Tools International in a report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Drilling Tools International presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Drilling Tools International

Institutional investors and hedge funds have recently modified their holdings of the stock. Gendell Jeffrey L raised its holdings in shares of Drilling Tools International by 29.2% during the fourth quarter. Gendell Jeffrey L now owns 2,439,737 shares of the company’s stock worth $5,977,000 after acquiring an additional 552,046 shares in the last quarter. Cresset Asset Management LLC increased its position in Drilling Tools International by 184.5% in the 3rd 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 during the last quarter. Bailard Inc. purchased a new stake in shares of Drilling Tools International during the 4th quarter worth about $190,000. Global Retirement Partners LLC purchased a new stake in shares of Drilling Tools International during the 2nd quarter worth about $221,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Drilling Tools International during the 4th quarter valued at about $178,000. 2.79% of the stock is currently owned by hedge funds and other institutional investors.

About Drilling Tools International

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.