Lone Star Value Management buys $3.6 Million stake in Superior Drilling Products (SDPI)

Superior Drilling Products (SDPI) : Lone Star Value Management scooped up 120,327 additional shares in Superior Drilling Products during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,905,000 shares of Superior Drilling Products which is valued at $3.6 Million.Superior Drilling Products makes up approximately 7.58% of Lone Star Value Management’s portfolio.

Other Hedge Funds, Including , Citadel Advisors sold out all of its stake in SDPI during the most recent quarter. The investment firm sold 21,590 shares of SDPI which is valued $40,848.Bard Associates Inc reduced its stake in SDPI by selling 3,000 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 52,700 shares of SDPI which is valued at $99,708. Superior Drilling Products makes up approx 0.05% of Bard Associates Inc’s portfolio. Blackrock Fund Advisors added SDPI to its portfolio by purchasing 1,425 company shares during the most recent quarter which is valued at $2,696.

Superior Drilling Products opened for trading at $1.72 and hit $1.7245 on the upside on Wednesday, eventually ending the session at $1.705, with a gain of 1.49% or 0.025 points. The heightened volatility saw the trading volume jump to 982 shares. Company has a market cap of $30 M.

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