GAMMA Investing LLC Buys Shares of 788 Cactus, Inc. (NYSE:WHD)

GAMMA Investing LLC bought a new position in shares of Cactus, Inc. (NYSE:WHD) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 788 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. NBC Securities Inc. bought a new position in Cactus during the 3rd quarter worth approximately $36,000. Signaturefd LLC grew its holdings in shares of Cactus by 164.5% in the 3rd quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after buying an additional 533 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Cactus in the 3rd quarter valued at $70,000. Headlands Technologies LLC acquired a new stake in Cactus during the 3rd quarter worth $134,000. Finally, Park Avenue Securities LLC bought a new position in Cactus during the third quarter worth about $208,000. 85.11% of the stock is owned by institutional investors.

Cactus Stock Down 1.3 %

Shares of Cactus stock opened at $50.65 on Monday. Cactus, Inc. has a 52-week low of $31.36 and a 52-week high of $57.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.00 and a current ratio of 3.17. The business’s 50 day simple moving average is $49.20 and its 200 day simple moving average is $45.55. The firm has a market cap of $4.02 billion, a PE ratio of 20.18, a P/E/G ratio of 9.11 and a beta of 1.95.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. Cactus had a net margin of 14.46% and a return on equity of 22.97%. The firm had revenue of $274.12 million for the quarter, compared to analyst estimates of $270.70 million. During the same period in the previous year, the business earned $0.64 EPS. The company’s revenue was up 20.0% compared to the same quarter last year. On average, analysts predict that Cactus, Inc. will post 2.87 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, May 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. Cactus’s dividend payout ratio is 19.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WHD shares. Benchmark downgraded Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Bank of America lifted their price target on shares of Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.29.

Insiders Place Their Bets

In other news, EVP William D. Marsh sold 1,700 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at approximately $180,688.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the transaction, the chief executive officer now directly owns 20 shares in the company, valued at approximately $915.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The disclosure for this sale can be found here. Insiders own 17.72% of the company’s stock.

Cactus Company Profile

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.