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

Betterware de Mexico SAPI de C (NYSE:BWMX) Chairman Luis Campos purchased 46,830 shares of the business’s stock in a transaction on Monday, July 27th. The shares were acquired at an average price of $16.41 per share, for a total transaction of $768,480.30. Following the completion of the purchase, the chairman directly owned 20,249,565 shares of the company’s stock, valued at approximately $332,295,361.65. This trade represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Betterware de Mexico SAPI de C Stock Down 1.7%

Shares of BWMX traded down $0.29 during mid-day trading on Wednesday, hitting $16.96. 90,853 shares of the company’s stock were exchanged, compared to its average volume of 97,161. The stock’s 50-day moving average is $17.78 and its 200-day moving average is $17.63. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.57 and a current ratio of 1.11. 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 company has a market cap of $633.13 million, a price-to-earnings ratio of 9.27 and a beta of 1.03.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.57 earnings per share for the quarter. The firm had revenue of $237.83 million during the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. On average, sell-side analysts anticipate that Betterware de Mexico SAPI de C will post 2.62 earnings per share for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a $0.3252 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.30 annualized dividend and a yield of 7.7%. 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 60.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Betterware de Mexico SAPI de C in the 1st quarter valued at $29,000. Confluence Investment Management LLC grew its stake in shares of Betterware de Mexico SAPI de C by 17.1% during the second quarter. Confluence Investment Management LLC now owns 12,096 shares of the company’s stock worth $218,000 after purchasing an additional 1,768 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Betterware de Mexico SAPI de C by 88,706.7% during the first quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock worth $225,000 after purchasing an additional 13,306 shares in the last quarter. Sei Investments Co. purchased a new position in Betterware de Mexico SAPI de C in the first quarter valued at $613,000. Finally, Quattro Financial Advisors LLC raised its stake in 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. Institutional investors and hedge funds own 12.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings raised 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 lowered Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.