Bryce Point Capital LLC Takes $443,000 Position in Cactus, Inc. (NYSE:WHD)

Bryce Point Capital LLC bought a new position in shares of Cactus, Inc. (NYSE:WHD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,586 shares of the company’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after purchasing an additional 223 shares in the last quarter. Versant Capital Management Inc boosted its stake in Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after buying an additional 359 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after buying an additional 337 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Cactus in the 4th quarter valued at $76,000. Finally, AlphaQuest LLC lifted its holdings in shares of Cactus by 202.5% during the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after acquiring an additional 1,142 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Barclays dropped their price target on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Cactus presently has an average rating of “Hold” and an average price target of $55.00.

Cactus Stock Down 7.7 %

WHD opened at $37.51 on Friday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 5.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm’s 50-day simple moving average is $52.64 and its 200-day simple moving average is $58.95. Cactus, Inc. has a twelve month low of $35.35 and a twelve month high of $70.01.

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

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s dividend payout ratio is currently 18.84%.

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.