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 the firm’s stock in a transaction dated Tuesday, February 17th. The shares were 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 of the company’s stock, valued at $5,650,147.80. The trade was a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was 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 shares were sold at an average price of $2.65, for a total value of $5,519.95.

Drilling Tools International Stock Up 1.5%

Shares of Drilling Tools International stock traded up $0.06 on Tuesday, reaching $4.05. 308,893 shares of the company were exchanged, compared to its average volume of 261,335. The company has a market capitalization of $142.56 million, a price-to-earnings ratio of -21.32, a PEG ratio of 2.96 and a beta of -0.36. 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 one year low of $1.43 and a one year high of $4.38. The company has a 50-day moving average of $3.22 and a 200 day moving average of $2.56.

Institutional Trading of Drilling Tools International

Several institutional investors have recently added to or reduced their stakes in DTI. Y Intercept Hong Kong Ltd acquired a new position in shares of Drilling Tools International in the second quarter valued at about $139,000. Global Retirement Partners LLC bought a new stake in Drilling Tools International in the 2nd quarter valued at about $221,000. Gendell Jeffrey L grew its position in shares of Drilling Tools International by 20.9% during the 2nd quarter. Gendell Jeffrey L now owns 1,414,027 shares of the company’s stock worth $4,030,000 after purchasing an additional 244,157 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Drilling Tools International during the fourth quarter worth approximately $69,000. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Drilling Tools International by 187.0% during the second quarter. Bridgeway Capital Management LLC now owns 71,741 shares of the company’s stock worth $204,000 after purchasing an additional 46,741 shares during the period. 2.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DTI has been the subject of several recent analyst reports. Zacks Research downgraded shares of Drilling Tools International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d)” rating on shares of Drilling Tools International in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded Drilling Tools International to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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.