Insider Buying: Betterware de Mexico SAPI de C (NYSE:BWMX) Chairman Acquires 46,830 Shares of Stock

Betterware de Mexico SAPI de C (NYSE:BWMX) Chairman Luis Campos bought 46,830 shares of the business’s stock in a transaction on Monday, July 27th. The stock was bought at an average cost of $16.41 per share, with a total value of $768,480.30. Following the completion of the purchase, the chairman directly owned 20,249,565 shares in the company, valued at approximately $332,295,361.65. The trade was a 0.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Betterware de Mexico SAPI de C Trading Down 1.7%

Betterware de Mexico SAPI de C stock traded down $0.29 during midday trading on Wednesday, hitting $16.96. 90,853 shares of the stock were exchanged, compared to its average volume of 97,161. Betterware de Mexico SAPI de C has a fifty-two week low of $12.17 and a fifty-two week high of $19.79. The stock has a market capitalization of $633.13 million, a price-to-earnings ratio of 9.27 and a beta of 1.03. The stock’s 50-day simple moving average is $17.78 and its 200 day simple moving average is $17.63. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 2.96.

Betterware de Mexico SAPI de C (NYSE:BWMX) last issued its earnings results on Wednesday, July 1st. The company reported $0.57 EPS for the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. The company had revenue of $237.83 million for the quarter. On average, equities analysts anticipate that Betterware de Mexico SAPI de C will post 2.62 EPS for the current year.

Betterware de Mexico SAPI de C Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.3252 per share. This represents a $1.30 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, August 6th. This is a boost from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31. Betterware de Mexico SAPI de C’s dividend payout ratio is presently 60.11%.

Analyst Ratings Changes

Several brokerages recently weighed in on BWMX. Weiss Ratings upgraded Betterware de Mexico SAPI de C from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 4th. Zacks Research downgraded Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On Betterware de Mexico SAPI de C

A number of hedge funds have recently made changes to their positions in BWMX. Lazard Asset Management LLC acquired a new position in Betterware de Mexico SAPI de C during the first quarter worth $785,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Betterware de Mexico SAPI de C by 177.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock worth $1,224,000 after buying an additional 46,452 shares during the period. Sei Investments Co. acquired a new stake in shares of Betterware de Mexico SAPI de C in the first quarter valued at $613,000. Quattro Financial Advisors LLC grew its stake in shares of Betterware de Mexico SAPI de C by 42.9% in the fourth quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock valued at $710,000 after buying an additional 15,000 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Betterware de Mexico SAPI de C by 88,706.7% in the 1st quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock valued at $225,000 after buying an additional 13,306 shares during the period. Hedge funds and other institutional investors own 12.72% of the company’s stock.

Betterware de Mexico SAPI de C Company Profile

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.