GAMMA Investing LLC Purchases 217 Shares of Cactus, Inc. (NYSE:WHD)

GAMMA Investing LLC increased its position in Cactus, Inc. (NYSE:WHD) by 27.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,005 shares of the company’s stock after purchasing an additional 217 shares during the period. GAMMA Investing LLC’s holdings in Cactus were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WHD. Principal Securities Inc. purchased a new stake in shares of Cactus in the 4th quarter worth about $30,000. TFO Wealth Partners LLC grew its holdings in Cactus by 221,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,214 shares of the company’s stock worth $101,000 after purchasing an additional 2,213 shares during the period. Vest Financial LLC bought a new position in shares of Cactus during the fourth quarter valued at approximately $246,000. Dfpg Investments LLC lifted its holdings in shares of Cactus by 14.5% during the fourth quarter. Dfpg Investments LLC now owns 5,676 shares of the company’s stock valued at $254,000 after purchasing an additional 718 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Cactus by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 7,484 shares of the company’s stock worth $340,000 after purchasing an additional 726 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Insider Buying and Selling

In other Cactus news, EVP William D. Marsh sold 2,059 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $51.03, for a total value of $105,070.77. Following the transaction, the executive vice president now directly owns 1,852 shares of the company’s stock, valued at $94,507.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP William D. Marsh sold 2,059 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $51.03, for a total value of $105,070.77. Following the transaction, the executive vice president now owns 1,852 shares in the company, valued at approximately $94,507.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Joel Bender sold 201,585 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total transaction of $10,488,467.55. Following the completion of the transaction, the president now directly owns 555,001 shares in the company, valued at approximately $28,876,702.03. The disclosure for this sale can be found here. Insiders sold 602,059 shares of company stock valued at $30,948,949 over the last 90 days. Company insiders own 16.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WHD. Benchmark reaffirmed a “hold” rating on shares of Cactus in a research report on Monday, May 6th. Bank of America lifted their price target on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Monday, April 15th. Johnson Rice downgraded shares of Cactus from a “buy” rating to an “accumulate” rating in a research report on Friday, May 31st. Finally, Barclays lifted their target price on shares of Cactus from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.14.

Cactus Price Performance

WHD opened at $51.59 on Tuesday. The company’s 50-day simple moving average is $50.80 and its two-hundred day simple moving average is $47.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.24. The stock has a market capitalization of $4.10 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.57 and a beta of 1.95. Cactus, Inc. has a 52-week low of $37.58 and a 52-week high of $57.00.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share 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 22.46%. The firm had revenue of $274.12 million during the quarter, compared to analysts’ expectations of $270.70 million. During the same period in the previous year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, analysts predict that Cactus, Inc. will post 2.94 EPS for the current year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.93%. Cactus’s dividend payout ratio (DPR) is currently 19.12%.

Cactus 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.