Betterware de Mexico SAPI de C (NYSE:BWMX) Shares Gap Up Following Insider Buying Activity

Betterware de Mexico SAPI de C (NYSE:BWMX)’s share price gapped up prior to trading on Friday following insider buying activity. The stock had previously closed at $15.97, but opened at $16.77. Betterware de Mexico SAPI de C shares last traded at $16.6950, with a volume of 12,559 shares trading hands.

Specifically, CEO Andres Campos Chevallier purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average price of $16.41 per share, with a total value of $492,300.00. Following the purchase, the chief executive officer owned 80,000 shares of the company’s stock, valued at $1,312,800. The trade was a 60.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Luis Campos bought 35,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of $16.44 per share, for a total transaction of $575,400.00. Following the transaction, the chairman owned 20,358,497 shares of the company’s stock, valued at approximately $334,693,690.68. This trade represents a 0.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In related news, Chairman Luis Campos purchased 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average cost of $16.26 per share, with a total value of $731,700.00. Following the purchase, the chairman owned 20,323,497 shares of the company’s stock, valued at $330,460,061.22. This represents a 0.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen raised Betterware de Mexico SAPI de C from a “buy” rating to a “strong-buy” rating in a report 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 analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Betterware de Mexico SAPI de C Price Performance

The stock has a fifty day simple moving average of $16.60 and a 200-day simple moving average of $17.16. 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 company has a market capitalization of $664.93 million, a PE ratio of 9.11 and a beta of 1.04.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced its earnings results on Wednesday, July 1st. The company reported $0.57 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%. Equities analysts anticipate that Betterware de Mexico SAPI de C will post 2.5 earnings per share for the current year.

Betterware de Mexico SAPI de C Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.3252 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.30 annualized dividend and a dividend yield of 7.7%. This is an increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31. Betterware de Mexico SAPI de C’s dividend payout ratio is 71.04%.

Institutional Trading of Betterware de Mexico SAPI de C

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in Betterware de Mexico SAPI de C in the 1st quarter worth approximately $29,000. Confluence Investment Management LLC boosted its stake 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 valued at $218,000 after purchasing an additional 1,768 shares during the period. NewEdge Advisors LLC grew its holdings in Betterware de Mexico SAPI de C by 88,706.7% during the 1st quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock valued at $225,000 after purchasing an additional 13,306 shares in the last quarter. Sei Investments Co. purchased a new stake in Betterware de Mexico SAPI de C during the 1st quarter worth $613,000. Finally, Lazard Asset Management LLC purchased a new stake in Betterware de Mexico SAPI de C during the 1st quarter worth $785,000. Hedge funds and other institutional investors 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.