GAMMA Investing LLC Takes $98,000 Position in Pool Co. (NASDAQ:POOL)

GAMMA Investing LLC bought a new stake in shares of Pool Co. (NASDAQ:POOL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 263 shares of the specialty retailer’s stock, valued at approximately $98,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Pool during the fourth quarter valued at $28,000. CVA Family Office LLC acquired a new position in shares of Pool in the fourth quarter worth about $34,000. Lindbrook Capital LLC raised its position in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 42 shares during the period. Huntington National Bank raised its position in shares of Pool by 96.7% in the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 58 shares during the period. Finally, Allworth Financial LP raised its position in shares of Pool by 48.2% in the third quarter. Allworth Financial LP now owns 123 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 40 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Pool Stock Performance

Pool stock opened at $371.17 on Monday. The firm has a 50 day simple moving average of $392.78 and a 200-day simple moving average of $374.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 earnings per share. On average, analysts expect that Pool Co. will post 13.26 EPS for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.19%. Pool’s payout ratio is 34.43%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Oppenheimer upped their price target on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Loop Capital cut shares of Pool from a “buy” rating to a “hold” rating and upped their price objective for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 price objective on shares of Pool in a research note on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus price target of $397.80.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.