Betterware de Mexico SAPI de C (NYSE:BWMX) Trading Down 3.8% – What’s Next?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Betterware de Mexico SAPI de C from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Betterware de Mexico SAPI de C Stock Down 0.1%

The business has a 50 day moving average of $17.06 and a 200 day moving average of $17.35. 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 firm has a market capitalization of $611.62 million, a price-to-earnings ratio of 8.46 and a beta of 1.04.

Betterware de Mexico SAPI de C (NYSE:BWMX) last posted its quarterly 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, equities analysts anticipate that Betterware de Mexico SAPI de C will post 2.5 EPS for the current year.

Betterware de Mexico SAPI de C Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.3252 per share. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 8.4%. Betterware de Mexico SAPI de C’s dividend payout ratio (DPR) is presently 71.04%.

Insiders Place Their Bets

In related news, Chairman Luis Campos acquired 21,829 shares of the stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $371,093.00. Following the purchase, the chairman owned 20,278,497 shares in the company, valued at approximately $344,734,449. This trade represents a 0.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 75,762 shares of company stock worth $1,260,050 over the last 90 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in Betterware de Mexico SAPI de C in the first quarter worth $29,000. Confluence Investment Management LLC lifted its holdings in Betterware de Mexico SAPI de C by 17.1% during the 2nd quarter. Confluence Investment Management LLC now owns 12,096 shares of the company’s stock worth $218,000 after buying an additional 1,768 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Betterware de Mexico SAPI de C by 88,706.7% during the 1st quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock worth $225,000 after buying an additional 13,306 shares in the last quarter. Sei Investments Co. bought a new position in Betterware de Mexico SAPI de C in the 1st quarter valued at $613,000. Finally, Lazard Asset Management LLC bought a new position in Betterware de Mexico SAPI de C in the 1st quarter valued at $785,000. 12.72% of the stock is currently owned by institutional investors and hedge funds.

About Betterware de Mexico SAPI de C

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.