Global Retirement Partners LLC Raises Position in Drilling Tools International Co. (NASDAQ:DTI)

Global Retirement Partners LLC boosted its position in shares of Drilling Tools International Co. (NASDAQ:DTI) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,079 shares of the company’s stock after buying an additional 5,574 shares during the period. Global Retirement Partners LLC owned 0.22% of Drilling Tools International worth $262,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $105,000 after purchasing an additional 6,201 shares in the last quarter. Geode Capital Management LLC boosted its stake in Drilling Tools International by 31.5% during the 3rd 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 during the last quarter. Barclays PLC grew its holdings 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 in the last quarter. JPMorgan Chase & Co. raised its position 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 during the last quarter. Finally, Soltis Investment Advisors LLC purchased a new position in shares of Drilling Tools International in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 2.79% of the company’s stock.

Analyst Ratings Changes

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

Drilling Tools International Stock Up 8.6 %

Shares of NASDAQ:DTI opened at $3.28 on Tuesday. Drilling Tools International Co. has a 52-week low of $2.50 and a 52-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 business has a fifty day moving average of $3.26 and a two-hundred day moving average of $3.53. The stock 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.

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.