Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Trading Down 0.3% - Should You Sell?

Key Points

• Betterware de México, S.A.P.I. de C.V. shares fell by 0.3%, trading at $13.35 after reaching a low of $13.14, with a notable decline in trading volume of 34% compared to its average.
• The company announced an increase in its dividend to $0.2566, representing a yield of 783.0%, with a payout ratio of 129.11%.
• Recent hedge fund activity saw several institutional investors increase their stakes, with 12.72% of the stock owned by such entities.

Shares of Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX - Get Free Report) dropped 0.3% during mid-day trading on Monday . The company traded as low as $13.14 and last traded at $13.35. Approximately 28,830 shares changed hands during trading, a decline of 34% from the average daily volume of 43,567 shares. The stock had previously closed at $13.39.

Betterware de México, S.A.P.I. de C.V. Stock Performance

The stock has a 50-day simple moving average of $11.18 and a 200-day simple moving average of $10.53. The company has a debt-to-equity ratio of 3.85, a current ratio of 1.07 and a quick ratio of 0.50. The stock has a market cap of $497.81 million, a PE ratio of 9.53 and a beta of 1.24.

Betterware de México, S.A.P.I. de C.V. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 11th were given a dividend of $0.2566 per share. This represents a $1.03 dividend on an annualized basis and a yield of 7.7%. This is a boost from Betterware de México, S.A.P.I. de C.V.'s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, August 11th. Betterware de México, S.A.P.I. de C.V.'s dividend payout ratio (DPR) is presently 129.11%.

Institutional Investors Weigh In On Betterware de México, S.A.P.I. de C.V.

Institutional investors have recently added to or reduced their stakes in the company. Quattro Financial Advisors LLC purchased a new stake in Betterware de México, S.A.P.I. de C.V. during the first quarter valued at about $114,000. Bulltick Wealth Management LLC purchased a new stake in Betterware de México, S.A.P.I. de C.V. during the second quarter valued at about $86,000. Banque Cantonale Vaudoise purchased a new stake in Betterware de México, S.A.P.I. de C.V. during the first quarter valued at about $139,000. Vident Advisory LLC boosted its position in shares of Betterware de México, S.A.P.I. de C.V. by 18.1% in the fourth quarter. Vident Advisory LLC now owns 13,880 shares of the company's stock worth $155,000 after buying an additional 2,126 shares during the period. Finally, Sandia Investment Management LP boosted its position in shares of Betterware de México, S.A.P.I. de C.V. by 34.3% in the fourth quarter. Sandia Investment Management LP now owns 15,671 shares of the company's stock worth $175,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 12.72% of the company's stock.

About Betterware de México, S.A.P.I. de C.V.

Betterware de México, SAP.I. de C.V. operates as a direct-to-consumer selling company in the United Staes and Mexico. It operates through two segments, Home Organization Products; and Beauty and Personal Care Products. The Home Organization Products segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; wellness; and technology and mobility.