Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Hits New 52-Week High – Time to Buy?

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX)’s stock price hit a new 52-week high on Friday . The company traded as high as $16.25 and last traded at $16.18, with a volume of 43202 shares. The stock had previously closed at $15.85.

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

The company has a debt-to-equity ratio of 3.85, a quick ratio of 0.50 and a current ratio of 1.07. The firm has a market capitalization of $601.93 million, a price-to-earnings ratio of 11.52 and a beta of 1.24. The company’s fifty day moving average price is $14.35 and its 200 day moving average price is $12.99.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.2912 per share. This is a boost from Betterware de México, S.A.P.I. de C.V.’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, November 3rd. This represents a $1.16 annualized dividend and a dividend yield of 7.2%. Betterware de México, S.A.P.I. de C.V.’s dividend payout ratio (DPR) is presently 74.29%.

Institutional Investors Weigh In On Betterware de México, S.A.P.I. de C.V.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of Betterware de México, S.A.P.I. de C.V. in the 3rd quarter valued at about $995,000. Citadel Advisors LLC lifted its stake in Betterware de México, S.A.P.I. de C.V. by 149.2% in the 3rd quarter. Citadel Advisors LLC now owns 53,671 shares of the company’s stock valued at $722,000 after purchasing an additional 32,132 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Betterware de México, S.A.P.I. de C.V. in the 3rd quarter valued at about $142,000. Arrowstreet Capital Limited Partnership bought a new position in Betterware de México, S.A.P.I. de C.V. during the third quarter worth about $351,000. Finally, BNP Paribas Financial Markets increased its position in Betterware de México, S.A.P.I. de C.V. by 2.4% during the third quarter. BNP Paribas Financial Markets now owns 53,166 shares of the company’s stock worth $715,000 after buying an additional 1,264 shares during the last quarter. 12.72% of the stock is currently 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. is a Mexican direct-to-consumer company specializing in household and home-organization products. The company designs, sources and markets a wide range of plastic and metal items for kitchen, laundry, bathroom and general home use. Betterware’s product suite also includes storage solutions, cleaning accessories, garden tools and seasonal décor, all of which are positioned to help consumers maximize space and streamline daily chores.

To reach its customers, Betterware employs a hybrid distribution model combining a network of independent advisors with digital sales channels.