Kingstone Capital Partners Texas LLC Takes Position in Betterware de México, S.A.P.I. de C.V. $BWMX

Key Points

• Kingstone Capital Partners Texas LLC invested approximately $11.71 million in Betterware de México, acquiring over 1.35 million shares and representing around 3.63% ownership of the company.
• Betterware de México announced an increase in its quarterly dividend from $0.25 to $0.2566, yielding about 7.7% annually, with a payout ratio of 129.11%.
• The company's shares opened at $13.40, with a market capitalization of $499.86 million and a P/E ratio of 9.57.

Kingstone Capital Partners Texas LLC purchased a new position in shares of Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,353,534 shares of the company's stock, valued at approximately $11,708,000. Kingstone Capital Partners Texas LLC owned approximately 3.63% of Betterware de México, S.A.P.I. de C.V. as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quattro Financial Advisors LLC purchased a new position in Betterware de México, S.A.P.I. de C.V. in the first quarter valued at about $114,000. Banque Cantonale Vaudoise purchased a new position in Betterware de México, S.A.P.I. de C.V. in the first quarter valued at about $139,000. Vident Advisory LLC increased its holdings in 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 valued at $155,000 after buying an additional 2,126 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Betterware de México, S.A.P.I. de C.V. in the fourth quarter valued at about $555,000. Finally, Millennium Management LLC increased its holdings in Betterware de México, S.A.P.I. de C.V. by 11.4% in the fourth quarter. Millennium Management LLC now owns 51,738 shares of the company's stock valued at $578,000 after buying an additional 5,301 shares in the last quarter. 12.72% of the stock is owned by hedge funds and other institutional investors.

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

Betterware de México, S.A.P.I. de C.V. stock traded down $0.05 during mid-day trading on Tuesday, reaching $13.30. The company had a trading volume of 13,010 shares, compared to its average volume of 42,399. Betterware de México, S.A.P.I. de C.V. has a 1 year low of $7.00 and a 1 year high of $14.46. 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 company has a market capitalization of $496.32 million, a P/E ratio of 9.50 and a beta of 1.24. The stock's 50-day simple moving average is $12.65 and its 200-day simple moving average is $10.73.

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

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

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.