Insider Buying: Primo Water Co. (PRMW) Director Buys 1,120 Shares of Stock

Primo Water Co. (NASDAQ:PRMW) Director Jack C. Kilgore acquired 1,120 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $13,440.00. Following the completion of the transaction, the director now directly owns 124,433 shares in the company, valued at approximately $1,493,196. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

PRMW opened at $12.20 on Friday. Primo Water Co. has a 52-week low of $10.47 and a 52-week high of $13.86. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 3.77. The stock has a market cap of $377.45, a price-to-earnings ratio of -43.57, a P/E/G ratio of 4.69 and a beta of -0.13.

How to Become a New Pot Stock Millionaire

Several large investors have recently modified their holdings of PRMW. Millennium Management LLC lifted its stake in shares of Primo Water by 224.6% in the 4th quarter. Millennium Management LLC now owns 891,838 shares of the company’s stock worth $11,210,000 after purchasing an additional 617,077 shares during the period. Legion Partners Asset Management LLC bought a new position in shares of Primo Water in the 4th quarter worth approximately $7,576,000. Northpointe Capital LLC bought a new position in shares of Primo Water in the 4th quarter worth approximately $4,895,000. North Fourth Asset Management LP bought a new position in shares of Primo Water in the 4th quarter worth approximately $4,292,000. Finally, Elk Creek Partners LLC lifted its stake in shares of Primo Water by 22.8% in the 3rd quarter. Elk Creek Partners LLC now owns 761,585 shares of the company’s stock worth $9,025,000 after purchasing an additional 141,586 shares during the period. Hedge funds and other institutional investors own 70.12% of the company’s stock.

Several brokerages recently commented on PRMW. Barrington Research reissued a “buy” rating and set a $20.00 price objective on shares of Primo Water in a research report on Friday. BidaskClub raised shares of Primo Water from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of Primo Water from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, B. Riley set a $18.00 target price on shares of Primo Water and gave the company a “buy” rating in a research note on Monday, March 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.33.

ILLEGAL ACTIVITY NOTICE: “Insider Buying: Primo Water Co. (PRMW) Director Buys 1,120 Shares of Stock” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/primo-water-co-prmw-director-buys-13440-00-in-stock.html.

About Primo Water

Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).

Insider Buying and Selling by Quarter for Primo Water (NASDAQ:PRMW)

Receive News & Ratings for Primo Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply