Barclays PLC Has $62,000 Stock Position in Drilling Tools International Co. (NASDAQ:DTI)

Barclays PLC raised its position in shares of Drilling Tools International Co. (NASDAQ:DTI) by 414.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 16,730 shares of the company’s stock after purchasing an additional 13,479 shares during the quarter. Barclays PLC’s holdings in Drilling Tools International were worth $62,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DTI. Rhumbline Advisers acquired a new stake in Drilling Tools International during the second quarter worth approximately $49,000. Woodstock Corp acquired a new stake in shares of Drilling Tools International during the 3rd quarter worth approximately $57,000. Bank of New York Mellon Corp bought a new stake in shares of Drilling Tools International in the 2nd quarter valued at $99,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Drilling Tools International by 28.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 28,283 shares of the company’s stock valued at $105,000 after acquiring an additional 6,201 shares during the period. Institutional investors own 2.79% of the company’s stock.

Analysts Set New Price Targets

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

Drilling Tools International Stock Down 3.5 %

DTI stock opened at $3.33 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 1.32. Drilling Tools International Co. has a fifty-two week low of $2.43 and a fifty-two week high of $6.36. The stock’s 50 day simple moving average is $3.40 and its 200 day simple moving average is $4.02. The company has a market cap of $115.57 million, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.04 and a beta of -0.86.

Drilling Tools International Profile

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.