Drilling Tools International (NASDAQ:DTI) Stock: Insider David Richard Johnson Acquires 30,350 Shares

Drilling Tools International Corp. (NASDAQ:DTI) CFO David Richard Johnson bought 30,350 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were bought at an average price of $1.65 per share, with a total value of $50,077.50. Following the completion of the transaction, the chief financial officer owned 97,780 shares in the company, valued at approximately $161,337. This trade represents a 45.01% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Drilling Tools International Stock Performance

DTI opened at $1.61 on Thursday. The firm has a market cap of $56.80 million, a P/E ratio of -12.38, a price-to-earnings-growth ratio of 4.11 and a beta of -0.56. Drilling Tools International Corp. has a 52-week low of $1.35 and a 52-week high of $4.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.58 and a current ratio of 2.08. The business’s fifty day moving average is $2.09 and its 200-day moving average is $2.79.

Drilling Tools International (NASDAQ:DTI) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $40.65 million during the quarter, compared to the consensus estimate of $40.87 million. Drilling Tools International had a negative return on equity of 0.40% and a negative net margin of 3.06%. Sell-side analysts expect that Drilling Tools International Corp. will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Drilling Tools International

Several hedge funds and other institutional investors have recently modified their holdings of DTI. Private Management Group Inc. acquired a new position in shares of Drilling Tools International during the 2nd quarter worth $3,361,000. Walleye Capital LLC acquired a new stake in Drilling Tools International in the first quarter valued at about $1,243,000. Arrowstreet Capital Limited Partnership acquired a new stake in Drilling Tools International in the first quarter valued at about $954,000. Bank of America Corp DE boosted its stake in Drilling Tools International by 567,520.0% in the first quarter. Bank of America Corp DE now owns 141,905 shares of the company’s stock valued at $614,000 after buying an additional 141,880 shares in the last quarter. Finally, BlackRock Inc. bought a new position in Drilling Tools International in the second quarter valued at about $254,000. Institutional investors own 2.79% of the company’s stock.

Drilling Tools International News Roundup

Here’s some of the latest news about DTI:

• Positive Sentiment: Three insiders bought a combined 155,350 shares for about $255,000. CEO Robert Prejean purchased 100,000 shares, with the CFO and director also increasing their holdings. CEO SEC filing
• Neutral Sentiment: A report showed short interest of zero shares, offering no evidence of a significant short position or potential short-squeeze catalyst.
• Negative Sentiment: Third-quarter EPS was a loss of $0.01, missing the $0.04 analyst estimate; revenue also came in slightly below expectations. Higher costs and increased capital spending are weighing on the earnings and 2026 free-cash-flow outlook. Zacks earnings article

Analyst Ratings Changes

DTI has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $2.80 target price on shares of Drilling Tools International in a report on Sunday, August 9th. Zacks Research downgraded shares of Drilling Tools International from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Drilling Tools International in a research report on Monday, October 26th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell” and a consensus price target of $2.80.

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.