GSA Capital Partners LLP Invests $1.13 Million in Pool Co. (NASDAQ:POOL)

GSA Capital Partners LLP acquired a new stake in Pool Co. (NASDAQ:POOL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,996 shares of the specialty retailer’s stock, valued at approximately $1,129,000.

Several other hedge funds have also recently bought and sold shares of the company. Taylor Frigon Capital Management LLC increased its position in shares of Pool by 0.8% in the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after acquiring an additional 28 shares in the last quarter. CWM LLC grew its position in Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 28 shares in the last quarter. Heritage Family Offices LLP grew its position in Pool by 2.2% during the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock worth $482,000 after purchasing an additional 28 shares in the last quarter. TIAA Trust National Association lifted its holdings in shares of Pool by 4.2% in the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock valued at $301,000 after purchasing an additional 30 shares in the last quarter. Finally, Aurora Investment Counsel boosted its position in shares of Pool by 0.6% in the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after buying an additional 30 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Trading Up 1.8 %

Shares of NASDAQ:POOL opened at $357.49 on Friday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $13.60 billion, a PE ratio of 30.77, a P/E/G ratio of 2.16 and a beta of 1.01. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm has a fifty day moving average price of $363.76 and a 200 day moving average price of $352.48.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $3.50 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that Pool Co. will post 11 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Wall Street Analyst Weigh In

POOL has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Robert W. Baird raised their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Loop Capital boosted their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Oppenheimer increased their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pool has an average rating of “Hold” and an average price target of $369.11.

About Pool

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.