Betterware de Mexico SAPI de C (NYSE:BWMX) Insider Purchases 15,000 Shares of Stock

Key Points

• Insider buying: Santiago Campos Chevallier purchased 15,000 BWMX shares at an average price of $16.46, investing $246,900 and increasing his direct ownership by 18.75% to 95,000 shares.
• Stock and financial profile: BWMX recently traded at $15.99, with a market capitalization of approximately $631.6 million, a P/E ratio of 8.74, and a 52-week range of $12.34 to $19.79. The company reported quarterly EPS of $0.57 on revenue of $237.83 million.
• Dividend and analyst sentiment: Betterware increased its quarterly dividend to $0.3252, equivalent to a 8.1% annualized yield. Analyst opinions remain mixed, producing an overall “Hold” consensus, while institutional investors own 12.72% of the stock.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) insider Santiago Campos Chevallier bought 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of $16.46 per share, with a total value of $246,900.00. Following the purchase, the insider directly owned 95,000 shares of the company's stock, valued at approximately $1,563,700. This represents a 18.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Betterware de Mexico SAPI de C Price Performance

NYSE:BWMX traded down $0.14 during mid-day trading on Thursday, reaching $15.99. 47,227 shares of the stock were exchanged, compared to its average volume of 93,942. 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 has a fifty day moving average price of $16.64 and a 200 day moving average price of $17.17. Betterware de Mexico SAPI de C has a 1-year low of $12.34 and a 1-year high of $19.79. The firm has a market capitalization of $631.64 million, a PE ratio of 8.74 and a beta of 1.04.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.57 earnings per share for the quarter. The company had revenue of $237.83 million during the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. Research analysts expect that Betterware de Mexico SAPI de C will post 2.5 earnings per share for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a $0.3252 dividend. This represents a $1.30 annualized dividend and a yield of 8.1%. This is a positive change from Betterware de Mexico SAPI de C's previous quarterly dividend of $0.31. The ex-dividend date was Thursday, August 6th. Betterware de Mexico SAPI de C's dividend payout ratio (DPR) is presently 71.04%.

Wall Street Analyst Weigh In

BWMX has been the subject of several research reports. Wall Street Zen raised Betterware de Mexico SAPI de C from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Betterware de Mexico SAPI de C in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Hedge Funds Weigh In On Betterware de Mexico SAPI de C

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWMX. Public Employees Retirement System of Ohio purchased a new position in Betterware de Mexico SAPI de C during the 1st quarter worth approximately $29,000. Confluence Investment Management LLC boosted its position in shares of Betterware de Mexico SAPI de C by 17.1% in the second 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 during the period. NewEdge Advisors LLC boosted its position in shares of Betterware de Mexico SAPI de C by 48.6% in the second quarter. NewEdge Advisors LLC now owns 19,796 shares of the company's stock worth $356,000 after buying an additional 6,475 shares during the period. Sei Investments Co. purchased a new position in shares of Betterware de Mexico SAPI de C during the first quarter valued at $613,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Betterware de Mexico SAPI de C by 177.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company's stock valued at $1,224,000 after buying an additional 46,452 shares in the last quarter. Institutional investors and hedge funds own 12.72% of the company's stock.

About Betterware de Mexico SAPI de C

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.