Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Hits New 12-Month High – Here’s What Happened

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX)’s share price hit a new 52-week high on Thursday . The stock traded as high as $16.60 and last traded at $16.3210, with a volume of 119229 shares trading hands. The stock had previously closed at $16.22.

Betterware de México, S.A.P.I. de C.V. Stock Up 0.5%

The company has a quick ratio of 0.50, a current ratio of 1.07 and a debt-to-equity ratio of 3.85. The business has a 50-day simple moving average of $14.57 and a 200-day simple moving average of $13.23. The company has a market cap of $616.34 million, a PE ratio of 11.80 and a beta of 1.24.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2912 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 7.1%. Betterware de México, S.A.P.I. de C.V.’s payout ratio is 74.29%.

Hedge Funds Weigh In On Betterware de México, S.A.P.I. de C.V.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWMX. BNP Paribas Financial Markets raised its position in shares of Betterware de México, S.A.P.I. de C.V. by 2.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,166 shares of the company’s stock worth $715,000 after purchasing an additional 1,264 shares during the last quarter. Bulltick Wealth Management LLC acquired a new position in shares of Betterware de México, S.A.P.I. de C.V. during the second quarter valued at approximately $86,000. Squarepoint Ops LLC purchased a new position in shares of Betterware de México, S.A.P.I. de C.V. in the third quarter valued at approximately $142,000. Commons Capital LLC lifted its position in shares of Betterware de México, S.A.P.I. de C.V. by 41.6% in the second quarter. Commons Capital LLC now owns 54,468 shares of the company’s stock valued at $471,000 after acquiring an additional 16,000 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Betterware de México, S.A.P.I. de C.V. during the third quarter worth approximately $252,000. 12.72% of the stock is owned by hedge funds and other institutional investors.

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.