Proficio Capital Partners LLC Takes $1.33 Million Position in Cactus, Inc. (NYSE:WHD)

Proficio Capital Partners LLC purchased a new stake in Cactus, Inc. (NYSE:WHD) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 22,819 shares of the company’s stock, valued at approximately $1,332,000.

Other institutional investors have also made changes to their positions in the company. Quest Partners LLC bought a new position in Cactus during the 3rd quarter worth $34,000. Versant Capital Management Inc grew its stake in Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after buying an additional 359 shares during the last quarter. KBC Group NV grew its stake in Cactus by 54.2% during the 4th quarter. KBC Group NV now owns 3,013 shares of the company’s stock worth $176,000 after buying an additional 1,059 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Cactus during the 3rd quarter worth $177,000. Finally, Central Pacific Bank Trust Division grew its stake in Cactus by 32.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,336 shares of the company’s stock worth $195,000 after buying an additional 820 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Trading Up 1.0 %

Shares of WHD stock opened at $47.36 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a 1 year low of $45.94 and a 1 year high of $70.01. The stock has a fifty day moving average of $59.11 and a two-hundred day moving average of $60.74. The firm has a market capitalization of $3.77 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 5.13 and a beta of 1.97.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. As a group, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.10%. Cactus’s dividend payout ratio (DPR) is 18.84%.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price objective on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.00.

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.