Dean Capital Management boosted its position in shares of Cactus, Inc. (NYSE:WHD – Free Report) by 90.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 81,280 shares of the company’s stock after acquiring an additional 38,502 shares during the quarter. Cactus makes up about 1.6% of Dean Capital Management’s portfolio, making the stock its 7th biggest position. Dean Capital Management’s holdings in Cactus were worth $3,850,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WHD. Johnson Financial Group Inc. bought a new position in shares of Cactus during the third quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Cactus by 73.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock worth $34,000 after acquiring an additional 314 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after acquiring an additional 543 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Cactus by 39,200.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,179 shares of the company’s stock valued at $54,000 after acquiring an additional 1,176 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in Cactus by 335.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,710 shares of the company’s stock valued at $78,000 after acquiring an additional 1,317 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Alan Semple sold 10,206 shares of Cactus stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total value of $577,863.72. Following the completion of the sale, the director directly owned 29,444 shares in the company, valued at $1,667,119.28. The trade was a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Y. Mcgovern sold 12,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $56.57, for a total transaction of $678,840.00. Following the completion of the sale, the director directly owned 15,990 shares of the company’s stock, valued at approximately $904,554.30. This trade represents a 42.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 12.91% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Analysis on WHD
Cactus Stock Down 0.2%
Shares of NYSE WHD opened at $55.00 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 51.89, a PEG ratio of 2.08 and a beta of 1.38. The stock has a 50 day moving average price of $55.94 and a 200 day moving average price of $54.10. Cactus, Inc. has a 52-week low of $33.20 and a 52-week high of $64.30.
Cactus (NYSE:WHD – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.05. The company had revenue of $388.35 million for the quarter, compared to analysts’ expectations of $380.42 million. Cactus had a return on equity of 15.43% and a net margin of 6.17%.Cactus’s revenue was up 38.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts expect that Cactus, Inc. will post 2.92 earnings per share for the current year.
Cactus Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 1st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. Cactus’s dividend payout ratio is presently 52.83%.
About Cactus
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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.
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