Betterware de Mexico SAPI de C (NYSE:BWMX) Trading Down 3.8% – Here’s Why

Shares of Betterware de Mexico SAPI de C (NYSE:BWMX) dropped 3.8% on Wednesday . The company traded as low as $15.26 and last traded at $15.2740. Approximately 39,888 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 93,242 shares. The stock had previously closed at $15.87.

Analyst Ratings Changes

BWMX has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Betterware de Mexico SAPI de C from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of Betterware de Mexico SAPI de C from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Betterware de Mexico SAPI de C Price Performance

The firm has a market cap of $612.69 million, a PE ratio of 8.44 and a beta of 1.04. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.11 and a quick ratio of 0.57. The business’s fifty day moving average is $17.14 and its 200-day moving average is $17.39.

Betterware de Mexico SAPI de C (NYSE:BWMX) last released its earnings results on Wednesday, July 1st. The company reported $0.57 earnings per share 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 firm had revenue of $237.83 million for the quarter. On average, research analysts predict that Betterware de Mexico SAPI de C will post 2.5 earnings per share for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a $0.3252 dividend. The ex-dividend date was Thursday, August 6th. This is a positive change from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31. This represents a $1.30 annualized dividend and a yield of 8.4%. Betterware de Mexico SAPI de C’s dividend payout ratio (DPR) is currently 71.04%.

Insiders Place Their Bets

In other news, Chairman Luis Campos bought 46,830 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was acquired at an average cost of $16.41 per share, with a total value of $768,480.30. Following the completion of the transaction, the chairman directly owned 20,249,565 shares of the company’s stock, valued at $332,295,361.65. This represents a 0.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 75,762 shares of company stock worth $1,260,050 over the last three months.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

Large investors have recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in shares of Betterware de Mexico SAPI de C in the first quarter worth about $613,000. Arrowstreet Capital Limited Partnership boosted its holdings in Betterware de Mexico SAPI de C by 177.8% in the 1st 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. Lazard Asset Management LLC purchased a new position in Betterware de Mexico SAPI de C in the 1st quarter valued at approximately $785,000. State Street Corp grew its stake in Betterware de Mexico SAPI de C by 7.0% in the 4th quarter. State Street Corp now owns 90,082 shares of the company’s stock valued at $1,280,000 after buying an additional 5,881 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Betterware de Mexico SAPI de C by 11.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock valued at $862,000 after acquiring an additional 6,274 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.