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Banking & Finance

Oppenheimer Asset Management Inc. Invests $9.09 Million in Pool Corporation $POOL

·15 Aug
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Oppenheimer Asset Management Inc. has acquired a new stake in Pool Corporation (NASDAQ:POOL) valued at approximately $9.09 million, purchasing 42,318 shares in the second quarter. Other institutional investors have also adjusted their holdings in Pool, which saw its stock trading down 2.9% recently. The company announced a quarterly dividend and its Board of Directors initiated a share buyback program of $600 million, suggesting the company believes its shares are undervalued.

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