Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Trading Down 0.3% - Here's What Happened

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.

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

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

The company has a 50 day moving average of $10.80 and a 200-day moving average of $10.47. The firm has a market capitalization of $498.00 million, a P/E ratio of 9.53 and a beta of 1.24. The company has a current ratio of 1.07, a quick ratio of 0.50 and a debt-to-equity ratio of 3.85.

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

The business also recently disclosed a dividend, which will be paid on Thursday, August 28th. Shareholders of record on Tuesday, August 12th will be issued a $0.2566 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a yield of 783.0%. This is a boost from Betterware de México, S.A.P.I. de C.V.'s previous dividend of $0.25. Betterware de México, S.A.P.I. de C.V.'s payout ratio is presently 129.11%.

Hedge Funds Weigh In On Betterware de México, S.A.P.I. de C.V.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in Betterware de México, S.A.P.I. de C.V. by 3.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 51,902 shares of the company's stock valued at $449,000 after acquiring an additional 1,709 shares in the last quarter. Bulltick Wealth Management LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. in the 2nd quarter valued at $86,000. Commons Capital LLC raised its holdings in Betterware de México, S.A.P.I. de C.V. by 41.6% in the 2nd quarter. Commons Capital LLC now owns 54,468 shares of the company's stock valued at $471,000 after acquiring an additional 16,000 shares in the last quarter. Quattro Financial Advisors LLC raised its holdings in Betterware de México, S.A.P.I. de C.V. by 250.0% in the 2nd quarter. Quattro Financial Advisors LLC now owns 35,000 shares of the company's stock valued at $303,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. in the 2nd quarter valued at $11,708,000. 12.72% of the stock is owned by institutional investors and hedge funds.

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.

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