Jump Financial LLC Makes New $2.02 Million Investment in Cactus, Inc. (NYSE:WHD)

Jump Financial LLC acquired a new position in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,572 shares of the company's stock, valued at approximately $2,024,000. Jump Financial LLC owned about 0.06% of Cactus at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WHD. Principal Securities Inc. purchased a new stake in shares of Cactus in the fourth quarter valued at about $30,000. GAMMA Investing LLC bought a new position in Cactus during the fourth quarter valued at about $33,000. NBC Securities Inc. bought a new position in Cactus during the third quarter valued at about $36,000. Signaturefd LLC grew its position in Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company's stock valued at $43,000 after buying an additional 533 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in Cactus during the third quarter valued at about $70,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Stock Performance

NYSE:WHD traded up $0.54 on Tuesday, reaching $51.18. 279,049 shares of the company's stock were exchanged, compared to its average volume of 595,917. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.24 and a quick ratio of 2.17. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 9.28 and a beta of 1.95. Cactus, Inc. has a 52 week low of $31.36 and a 52 week high of $57.00. The stock has a fifty day simple moving average of $49.97 and a 200-day simple moving average of $45.65.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $270.70 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The company's revenue for the quarter was up 20.0% on a year-over-year basis. As a group, sell-side analysts predict that Cactus, Inc. will post 2.81 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, May 24th. Cactus's payout ratio is 19.12%.

Insider Transactions at Cactus

In other news, President Joel Bender sold 201,585 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.03, for a total value of $10,488,467.55. Following the sale, the president now directly owns 555,001 shares of the company's stock, valued at $28,876,702.03. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, President Joel Bender sold 201,585 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.03, for a total value of $10,488,467.55. Following the sale, the president now directly owns 555,001 shares of the company's stock, valued at $28,876,702.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares in the company, valued at $180,688.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 681,759 shares of company stock valued at $34,599,109. 17.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Cactus from $55.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, May 6th. Benchmark restated a "hold" rating on shares of Cactus in a research report on Monday, May 6th. Finally, Bank of America increased their price target on shares of Cactus from $40.00 to $43.00 and gave the company an "underperform" rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Cactus currently has an average rating of "Hold" and an average target price of $55.14.

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.