Mariner LLC Buys Shares of 26,383 Drilling Tools International Co. (NASDAQ:DTI)

Mariner LLC purchased a new stake in shares of Drilling Tools International Co. (NASDAQ:DTI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 26,383 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Perritt Capital Management Inc bought a new position in Drilling Tools International in the fourth quarter valued at about $114,000. Wellington Management Group LLP bought a new position in shares of Drilling Tools International in the 4th quarter worth approximately $52,000. JPMorgan Chase & Co. boosted its holdings in shares of Drilling Tools International by 114.6% in the fourth quarter. JPMorgan Chase & Co. now owns 43,441 shares of the company’s stock worth $142,000 after buying an additional 23,200 shares during the last quarter. Global Retirement Partners LLC grew its position in Drilling Tools International by 7.5% during the fourth quarter. Global Retirement Partners LLC now owns 80,079 shares of the company’s stock valued at $262,000 after buying an additional 5,574 shares during the period. Finally, Rhumbline Advisers increased its holdings in Drilling Tools International by 42.8% during the fourth quarter. Rhumbline Advisers now owns 12,689 shares of the company’s stock valued at $41,000 after buying an additional 3,806 shares during the last quarter. 2.79% of the stock is currently owned by hedge funds and other institutional investors.

Drilling Tools International Trading Up 4.1 %

Shares of DTI stock opened at $2.30 on Friday. Drilling Tools International Co. has a 1 year low of $1.43 and a 1 year high of $6.36. The firm has a fifty day moving average price of $2.30 and a 200-day moving average price of $2.97. The company has a market cap of $81.86 million, a price-to-earnings ratio of 8.21, a PEG ratio of 0.90 and a beta of -0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 0.99.

Drilling Tools International (NASDAQ:DTI) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Drilling Tools International had a return on equity of 15.38% and a net margin of 5.46%. The business had revenue of $39.85 million during the quarter, compared to analysts’ expectations of $38.99 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. As a group, equities analysts predict that Drilling Tools International Co. will post 0.38 earnings per share for the current year.

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.