Insider Buying: Betterware de Mexico SAPI de C (NYSE:BWMX) Chairman Acquires 35,000 Shares of Stock

Key Points

• Chairman Luis Campos bought 35,000 BWMX shares at an average price of $16.44, investing $575,400. His holdings increased to 20.36 million shares, valued at approximately $334.7 million.
• The purchase follows several additional insider acquisitions since late July, including 45,000 shares bought on September 15, indicating continued insider buying activity.
• BWMX shares recently traded at $15.99, while the company offers a quarterly dividend of $0.3252, equivalent to an annualized yield of about 8.1%. Analysts’ overall consensus rating remains “Hold.”

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) Chairman Luis Campos acquired 35,000 shares of the company's stock in a transaction on Wednesday, September 16th. The stock was acquired at an average cost of $16.44 per share, for a total transaction of $575,400.00. Following the completion of the acquisition, the chairman owned 20,358,497 shares of the company's stock, valued at $334,693,690.68. This trade represents a 0.17% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Luis Campos also recently made the following trade(s):

• On Tuesday, September 15th, Luis Campos bought 45,000 shares of Betterware de Mexico SAPI de C stock. The shares were acquired at an average cost of $16.26 per share, with a total value of $731,700.00.
• On Tuesday, August 4th, Luis Campos bought 21,829 shares of Betterware de Mexico SAPI de C stock. The shares were acquired at an average price of $17.00 per share, for a total transaction of $371,093.00.
• On Monday, August 3rd, Luis Campos bought 3,186 shares of Betterware de Mexico SAPI de C stock. The shares were acquired at an average price of $17.00 per share, for a total transaction of $54,162.00.
• On Friday, July 31st, Luis Campos purchased 3,917 shares of Betterware de Mexico SAPI de C stock. The stock was bought at an average cost of $16.93 per share, for a total transaction of $66,314.81.
• On Monday, July 27th, Luis Campos purchased 46,830 shares of Betterware de Mexico SAPI de C stock. The stock was bought at an average cost of $16.41 per share, with a total value of $768,480.30.

Betterware de Mexico SAPI de C Price Performance

NYSE:BWMX traded down $0.14 during trading hours on Thursday, reaching $15.99. 47,227 shares of the company 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 firm has a market cap of $631.64 million, a PE ratio of 8.74 and a beta of 1.04. Betterware de Mexico SAPI de C has a twelve month low of $12.34 and a twelve month high of $19.79. The stock's 50-day moving average is $16.64 and its 200-day moving average is $17.17.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $237.83 million for the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. On average, sell-side analysts anticipate 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a $0.3252 dividend. This represents a $1.30 annualized dividend and a yield of 8.1%. The ex-dividend date was Thursday, August 6th. This is a positive change from Betterware de Mexico SAPI de C's previous quarterly dividend of $0.31. Betterware de Mexico SAPI de C's payout ratio is presently 71.04%.

Institutional Investors Weigh In On Betterware de Mexico SAPI de C

A number of large investors have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of Betterware de Mexico SAPI de C in the first quarter worth about $785,000. Arrowstreet Capital Limited Partnership grew its stake in Betterware de Mexico SAPI de C by 177.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company's stock valued at $1,224,000 after acquiring an additional 46,452 shares in the last quarter. Sei Investments Co. purchased a new stake in Betterware de Mexico SAPI de C during the 1st quarter valued at about $613,000. NewEdge Advisors LLC raised its holdings in Betterware de Mexico SAPI de C by 88,706.7% in the 1st quarter. NewEdge Advisors LLC now owns 13,321 shares of the company's stock valued at $225,000 after acquiring an additional 13,306 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in 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 during the last quarter. Hedge funds and other institutional investors own 12.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen upgraded 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 restated a "hold (c+)" rating on shares of Betterware de Mexico SAPI de C in a research report on Tuesday, September 1st. One 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. Based on data from MarketBeat.com, Betterware de Mexico SAPI de C currently has a consensus rating of "Hold".

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.

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