Hiddenite Capital Partners LP Boosts Stock Holdings in Primo Water Co. (NYSE:PRMW)

Hiddenite Capital Partners LP increased its stake in shares of Primo Water Co. (NYSE:PRMW - Free Report) by 50.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,000 shares of the company's stock after acquiring an additional 50,000 shares during the quarter. Primo Water comprises approximately 1.2% of Hiddenite Capital Partners LP's holdings, making the stock its 17th largest holding. Hiddenite Capital Partners LP owned 0.09% of Primo Water worth $3,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cedar Wealth Management LLC bought a new stake in Primo Water in the 1st quarter valued at $27,000. GAMMA Investing LLC lifted its position in Primo Water by 375.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,242 shares of the company's stock valued at $31,000 after purchasing an additional 981 shares during the period. Blue Trust Inc. lifted its position in Primo Water by 52.1% during the 3rd quarter. Blue Trust Inc. now owns 1,871 shares of the company's stock valued at $47,000 after purchasing an additional 641 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Primo Water in the 3rd quarter valued at about $48,000. Finally, Crewe Advisors LLC bought a new stake in shares of Primo Water in the 1st quarter valued at about $66,000. Institutional investors own 87.71% of the company's stock.

Primo Water Price Performance

Shares of PRMW stock traded down $0.23 during trading hours on Wednesday, reaching $24.21. The company's stock had a trading volume of 11,422,300 shares, compared to its average volume of 1,915,558. The firm's 50 day simple moving average is $25.40 and its 200-day simple moving average is $22.94. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.78 and a beta of 1.10. Primo Water Co. has a fifty-two week low of $14.06 and a fifty-two week high of $28.06. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86.

Primo Water Announces Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be given a dividend of $0.82 per share. This represents a yield of 1.3%. The ex-dividend date is Tuesday, November 5th. Primo Water's dividend payout ratio is currently 22.36%.

Wall Street Analysts Forecast Growth

PRMW has been the subject of several research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price target on shares of Primo Water in a report on Tuesday, October 1st. Raymond James downgraded Primo Water from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Primo Water from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Finally, William Blair assumed coverage on shares of Primo Water in a report on Thursday, October 24th. They issued an "outperform" rating for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.83.

Primo Water Company Profile

Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.