Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Sees Large Volume Increase Following Dividend Announcement
Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) experienced a significant increase in trading volume, rising 67% to 68,743 shares following a dividend announcement. The stock price rose to $13.97 from $13.35. The company declared a dividend of $0.2912, payable on November 20, up from the previous $0.26, yielding 8.4% annually. The ex-dividend date is November 3. Betterware has a market cap of $518.89 million and a dividend payout ratio of 72.86%.
Betterware de México, S.A.P.I. de C.V. Price Performance
The stock has a market cap of $518.89 million, a PE ratio of 9.98 and a beta of 1.24. The company has a debt-to-equity ratio of 3.85, a current ratio of 1.07 and a quick ratio of 0.50. The business has a fifty day moving average of $13.19 and a 200 day moving average of $11.00.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of BWMX. Mmbg Investment Advisors CO. boosted its holdings in Betterware de México, S.A.P.I. de C.V. by 1.3% in the first quarter. Mmbg Investment Advisors CO. now owns 4,145,782 shares of the company's stock valued at $47,138,000 after purchasing an additional 55,000 shares during the last quarter. Quattro Financial Advisors LLC bought a new position in Betterware de México, S.A.P.I. de C.V. during the 1st quarter worth approximately $114,000. Banque Cantonale Vaudoise bought a new position in Betterware de México, S.A.P.I. de C.V. during the 1st quarter worth approximately $139,000. Vident Advisory LLC lifted its holdings in Betterware de México, S.A.P.I. de C.V. by 88.9% during the 1st quarter. Vident Advisory LLC now owns 26,226 shares of the company's stock worth $298,000 after buying an additional 12,346 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in Betterware de México, S.A.P.I. de C.V. during the 2nd quarter worth approximately $11,708,000. Hedge funds and other institutional investors own 12.72% of the company's stock.
Betterware de México, S.A.P.I. de C.V. Company Profile
(Get Free Report)Betterware de México, SAP.I. de C.V. operates as a direct-to-consumer selling company in the United Staes and Mexico. It operates through two segments, Home Organization Products; and Beauty and Personal Care Products. The Home Organization Products segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; wellness; and technology and mobility.
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