Global Alpha Capital Management Ltd. Grows Holdings in Primo Water Co. (NYSE:PRMW)

Global Alpha Capital Management Ltd. raised its position in Primo Water Co. (NYSE:PRMW) by 4.3% during the third quarter, Holdings Channel.com reports. The firm owned 133,132 shares of the company’s stock after buying an additional 5,432 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Primo Water were worth $3,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRMW. Caldwell Investment Management Ltd. purchased a new position in shares of Primo Water during the 3rd quarter worth about $6,172,000. Natixis Advisors LLC lifted its holdings in shares of Primo Water by 3.6% during the 3rd quarter. Natixis Advisors LLC now owns 24,401 shares of the company’s stock worth $616,000 after acquiring an additional 852 shares during the period. Royce & Associates LP acquired a new stake in Primo Water during the 3rd quarter worth approximately $4,220,000. Plato Investment Management Ltd acquired a new stake in Primo Water during the 3rd quarter worth approximately $392,000. Finally, Hiddenite Capital Partners LP increased its position in Primo Water by 50.0% during the 3rd quarter. Hiddenite Capital Partners LP now owns 150,000 shares of the company’s stock worth $3,788,000 after purchasing an additional 50,000 shares in the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Primo Water Price Performance

Shares of NYSE PRMW opened at $24.21 on Wednesday. Primo Water Co. has a fifty-two week low of $14.06 and a fifty-two week high of $28.06. The firm’s 50-day simple moving average is $25.50 and its 200 day simple moving average is $23.12. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86. The stock has a market cap of $3.88 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.78 and a beta of 1.10.

Primo Water Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on PRMW. William Blair began coverage on shares of Primo Water in a research report on Thursday, October 24th. They set an “outperform” rating for the company. StockNews.com began coverage on shares of Primo Water in a research report on Wednesday. They set a “buy” rating for the company. Raymond James downgraded shares of Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Primo Water in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.