June 9, 2023 – Ossiam, an investment management firm, has announced its recent disclosure with the Securities and Exchange Commission regarding its increased holdings in specialty retailer Pool Co. (NASDAQ:POOL). According to the disclosed report, Ossiam’s holdings in Pool increased by an astonishing 204.5% during the fourth quarter. The firm now owns a total of 880 shares in the company after it purchased an additional 591 shares during the period. With this increase in share ownership, Ossiam’s holdings in Pool are now worth $266,000 at the end of the most recent reporting period.
In addition to its significant increase in holdings, it is worth noting that Pool has also just declared a quarterly dividend. In precise terms, shareholders as of May 17th were paid a whopping $1.10 dividend on May 31st – marking an increase from their previous quarterly dividend payout of $1. Undeniably demonstrating its strong performance capabilities and commitment to shareholder value, the company’s annualized dividend payout currently stands at $4.40 and yields at around 1.36%.
However, while these statistics relay a strong position for Pool Co., a few equities analysts have released mixed reports about its stock valuation- particularly highlighting signs that point toward volatility. One analyst has rated them as “sell,” four have assigned them “hold,” and six have labeled them “buy.” As per data gathered from Bloomberg, Pool Co.’s average rating stands at “Hold” with an average target price of $383.20.
It is essential to consider all these factors when making investment decisions as they help determine overall risks vs potential benefits for investors’ portfolios – particularly with regards to long-term goals.
Despite being ambiguous due to mixed signals from experts and analysts alike regarding its volatility and future growth potential, there is no denying that Ossiam’s recent move demonstrates confidence in Pool Co. and its ability to perform in the long-run. As we move further into the year, it will be worth watching how this investment performs in the marketplace.
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Institutional Investors Increase Stakes in Pool Corporation As Company Sees Uptick in Demand
Pool Corporation (POOL), a leading supplier of swimming pool and backyard products, has recently seen an uptick in institutional investor interest as several hedge funds and other large-scale investors increase their stakes in the company. As of June 9th, 2023, 98.15% of the company’s outstanding stock is owned by institutional investors and hedge funds.
Thompson Siegel & Walmsley LLC, Concord Wealth Partners, Spire Wealth Management, Exchange Traded Concepts LLC, and Eagle Bay Advisors LLC are among the firms that have made recent moves to acquire or increase their stakes in POOL. Thompson Siegel & Walmsley purchased a new stake valued at approximately $26,000 during the fourth quarter of 2022. Concord Wealth Partners acquired a new stake worth $35,000 during the same period.
Spire Wealth Management raised its position in POOL by over 190% during Q4 2022 by acquiring an additional 90 shares worth $41,000. Exchange Traded Concepts purchased a new stake worth $50,000 during this period. Finally, Eagle Bay Advisors increased its position in POOL by over 220% by purchasing an additional 127 shares worth $55,000.
In other Pool news, General Counsel Jennifer M. Neil recently sold over 2,300 shares of Pool stock on May 9th at an average price of $352 per share for a total value of $821,216. Following this sale transaction, Neil now owns around 8,095 shares worth approximately $2.85 million.
POOL stock opened at $324.64 on June 9th with a market capitalization of around $12.66 billion and a price-to-equity ratio (PE) of about 19 times earnings per share (EPS). The firm’s one-year low was reported at $278.10 while the high was marked at $423.97.
Overall, these moves by institutional investors and the sale of stock by general counsel Jennifer M. Neil are strong indicators of investor confidence in Pool Corporation’s future prospects as demand for swimming pool maintenance products and services continues to rise. In a highly competitive industry, Pool remains a leading player with robust financials and strategic growth plans that could result in rising revenues and profits going forward.
