Bryce Point Capital LLC Acquires Shares of 7,586 Cactus, Inc. (NYSE:WHD)

Bryce Point Capital LLC purchased a new stake in shares of Cactus, Inc. (NYSE:WHD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,586 shares of the company’s stock, valued at approximately $443,000.

A number of other hedge funds have also modified their holdings of WHD. Smartleaf Asset Management LLC grew its stake in Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. Versant Capital Management Inc increased its holdings in Cactus by 165.4% in 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 during the last quarter. Jones Financial Companies Lllp raised its position in Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after acquiring an additional 337 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Cactus in the fourth quarter valued at approximately $76,000. Finally, AlphaQuest LLC grew its position in Cactus by 202.5% in the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after acquiring an additional 1,142 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Price Performance

NYSE WHD opened at $37.51 on Friday. Cactus, Inc. has a 1 year low of $35.35 and a 1 year high of $70.01. The company has a fifty day simple moving average of $52.64 and a 200 day simple moving average of $58.95. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.98 billion, a P/E ratio of 13.30, a P/E/G ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD) last released 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). The firm had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

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

Analysts Set New Price Targets

Separately, Barclays reduced their price objective on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.