Drilling Tools International Corp. $DTI Shares Acquired by Private Management Group Inc.

Private Management Group Inc. lifted its stake in Drilling Tools International Corp. (NASDAQ:DTI) by 65.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,880,194 shares of the company’s stock after acquiring an additional 1,138,556 shares during the period. Private Management Group Inc. owned 0.08% of Drilling Tools International worth $6,668,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DTI. Squarepoint Ops LLC bought a new stake in Drilling Tools International during the second quarter worth approximately $34,000. OMERS ADMINISTRATION Corp acquired a new position in Drilling Tools International during the first quarter valued at approximately $80,000. Bfsg LLC raised its position in shares of Drilling Tools International by 45.1% in the third quarter. Bfsg LLC now owns 21,265 shares of the company’s stock valued at $49,000 after purchasing an additional 6,610 shares during the period. Engineers Gate Manager LP raised its position in shares of Drilling Tools International by 129.2% in the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock valued at $73,000 after purchasing an additional 21,319 shares during the period. Finally, AXQ Capital LP raised its position in shares of Drilling Tools International by 93.5% in the second quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock valued at $93,000 after purchasing an additional 23,213 shares during the period. 2.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Drilling Tools International

In other Drilling Tools International news, Director Ira Harris Green, Jr. purchased 25,000 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of $1.63 per share, for a total transaction of $40,750.00. Following the completion of the acquisition, the director directly owned 42,207 shares in the company, valued at $68,797.41. This represents a 145.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Richard Johnson purchased 30,350 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were acquired at an average price of $1.65 per share, with a total value of $50,077.50. Following the completion of the acquisition, the chief financial officer owned 97,780 shares of the company’s stock, valued at approximately $161,337. The trade was a 45.01% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 155,350 shares of company stock valued at $254,828 in the last 90 days. 17.10% of the stock is currently owned by insiders.

Drilling Tools International News Summary

Here are the key news stories impacting Drilling Tools International this week:

• Positive Sentiment: Three insiders bought a combined 155,350 shares for about $255,000. CEO Robert Prejean purchased 100,000 shares, while the CFO and a director also increased their holdings—an encouraging signal of confidence from company leadership. CEO SEC filing CFO SEC filing Director SEC filing
• Neutral Sentiment: A report listed short interest at zero shares, so it indicates no measurable short position in the figures provided, rather than a notable short squeeze setup.
• Negative Sentiment: DTI’s third-quarter adjusted results missed estimates as higher costs offset stronger sales. Increased capital spending is also weighing on the company’s 2026 free-cash-flow outlook. Zacks earnings article
• Negative Sentiment: Sidoti cut several earnings forecasts, including FY2027 EPS to $0.13 from $0.16 and Q4 2026 EPS to $0.03 from $0.06. The reductions reinforce concerns about near-term profitability.

Wall Street Analysts Forecast Growth

DTI has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Drilling Tools International in a research note on Monday, October 26th. Zacks Research lowered shares of Drilling Tools International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $2.80 target price on shares of Drilling Tools International in a report on Sunday, August 9th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Drilling Tools International has a consensus rating of “Reduce” and a consensus price target of $2.80.

Drilling Tools International Stock Down 6.3%

Drilling Tools International stock opened at $1.48 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.58 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $2.11 and its 200-day simple moving average is $2.80. Drilling Tools International Corp. has a 52 week low of $1.35 and a 52 week high of $4.69.

Drilling Tools International (NASDAQ:DTI) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). Drilling Tools International had a negative return on equity of 0.40% and a negative net margin of 3.06%. The business had revenue of $40.65 million for the quarter, compared to analyst estimates of $40.87 million. As a group, analysts forecast that Drilling Tools International Corp. will post 0.04 earnings per share for the current fiscal year.

Drilling Tools International Company Profile

Drilling Tools International Corporation (NASDAQ: DTI) provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers. Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools. Drilling Tools International also provides equipment inspection, maintenance, repair, refurbishment and machining services intended to support the safe and efficient use of drilling equipment.