Betterware de Mexico SAPI de C (NYSE:BWMX) Shares Gap Up Following Insider Buying Activity

Betterware de Mexico SAPI de C (NYSE:BWMX) shares gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $15.97, but opened at $16.77. Betterware de Mexico SAPI de C shares last traded at $16.6950, with a volume of 12,559 shares traded.

Specifically, CEO Andres Campos Chevallier acquired 30,000 shares of Betterware de Mexico SAPI de C stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average cost of $16.41 per share, for a total transaction of $492,300.00. Following the completion of the purchase, the chief executive officer directly owned 80,000 shares of the company’s stock, valued at $1,312,800. This trade represents a 60.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Luis Campos purchased 35,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average cost of $16.44 per share, with a total value of $575,400.00. Following the completion of the acquisition, the chairman directly owned 20,358,497 shares in the company, valued at approximately $334,693,690.68. This trade represents a 0.17% increase in their position. The disclosure for this purchase is available in the SEC filing. In related news, Chairman Luis Campos bought 45,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was bought at an average cost of $16.26 per share, for a total transaction of $731,700.00. Following the completion of the purchase, the chairman directly owned 20,323,497 shares in the company, valued at approximately $330,460,061.22. The trade was a 0.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Several equities analysts have recently commented on BWMX shares. Weiss Ratings restated a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research report on Tuesday, September 1st. Wall Street Zen raised shares of Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Betterware de Mexico SAPI de C Price Performance

The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 2.96. The business’s fifty day moving average is $16.60 and its 200 day moving average is $17.16. The firm has a market capitalization of $664.93 million, a P/E ratio of 9.11 and a beta of 1.04.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced its earnings results on Wednesday, July 1st. The company reported $0.57 EPS for the quarter. The business had revenue of $237.83 million during the quarter. Betterware de Mexico SAPI de C had a return on equity of 77.89% and a net margin of 8.35%. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.3252 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.30 annualized dividend and a dividend yield of 7.7%. This is an increase 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 71.04%.

Institutional Trading of Betterware de Mexico SAPI de C

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in shares of Betterware de Mexico SAPI de C by 48.6% during the 2nd quarter. NewEdge Advisors LLC now owns 19,796 shares of the company’s stock worth $356,000 after acquiring an additional 6,475 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of Betterware de Mexico SAPI de C by 17.1% in the 2nd quarter. Confluence Investment Management LLC now owns 12,096 shares of the company’s stock valued at $218,000 after acquiring an additional 1,768 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Betterware de Mexico SAPI de C in the 1st quarter valued at approximately $785,000. Public Employees Retirement System of Ohio acquired a new stake in Betterware de Mexico SAPI de C in the 1st quarter worth approximately $29,000. Finally, Arrowstreet Capital Limited Partnership lifted 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 purchasing an additional 46,452 shares during the last quarter. Institutional investors and hedge funds own 12.72% of the company’s stock.

Betterware de Mexico SAPI de C Company Profile

Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, markets and distributes products designed to improve household organization and everyday living. Its product portfolio has included storage and organization solutions, kitchen and cleaning products, home accessories, personal-care items and other consumer goods.

The company primarily reaches customers through an independent sales force and catalog- and digitally supported direct-selling channels.