Lazard Asset Management LLC Invests $785,000 in Betterware de Mexico SAPI de C $BWMX

Lazard Asset Management LLC bought a new stake in Betterware de Mexico SAPI de C (NYSE:BWMX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 46,587 shares of the company’s stock, valued at approximately $785,000. Lazard Asset Management LLC owned 0.12% of Betterware de Mexico SAPI de C as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Betterware de Mexico SAPI de C in the first quarter worth $29,000. Sei Investments Co. bought a new stake in shares of Betterware de Mexico SAPI de C during the 1st quarter valued at $613,000. Quattro Financial Advisors LLC boosted its holdings in shares of Betterware de Mexico SAPI de C by 42.9% during the 4th quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock valued at $710,000 after buying an additional 15,000 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Betterware de Mexico SAPI de C by 11.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock worth $862,000 after buying an additional 6,274 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Betterware de Mexico SAPI de C by 177.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock worth $1,224,000 after buying an additional 46,452 shares during the period. 12.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWMX has been the subject of a number of recent research reports. Weiss Ratings raised shares of Betterware de Mexico SAPI de C from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 4th. Zacks Research cut shares of Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One research 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Insider Transactions at Betterware de Mexico SAPI de C

In other news, Chairman Luis Campos acquired 46,830 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were bought at an average cost of $16.41 per share, with a total value of $768,480.30. Following the transaction, the chairman owned 20,249,565 shares of the company’s stock, valued at $332,295,361.65. This trade represents a 0.23% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Betterware de Mexico SAPI de C Stock Up 0.6%

Shares of NYSE:BWMX opened at $17.21 on Thursday. 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 stock has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $17.67. Betterware de Mexico SAPI de C has a 12-month low of $12.34 and a 12-month high of $19.79. The stock has a market capitalization of $642.43 million, a price-to-earnings ratio of 9.41 and a beta of 1.05.

Betterware de Mexico SAPI de C (NYSE:BWMX) last released its earnings results on Wednesday, July 1st. The company reported $0.57 EPS for the quarter. Betterware de Mexico SAPI de C had a return on equity of 77.89% and a net margin of 8.35%.The firm had revenue of $237.83 million for the quarter. On average, research analysts anticipate that Betterware de Mexico SAPI de C will post 2.48 earnings per share for the current fiscal year.

Betterware de Mexico SAPI de C Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a $0.3252 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is 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 dividend payout ratio (DPR) is presently 60.11%.

Betterware de Mexico SAPI de C Profile

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.