Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX – Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 92,300 shares, a decrease of 9.2% from the March 31st total of 101,600 shares. Based on an average daily volume of 46,900 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.5% of the company’s stock are short sold.
Institutional Investors Weigh In On Betterware de México, S.A.P.I. de C.V.
A number of hedge funds have recently made changes to their positions in BWMX. Confluence Investment Management LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. during the 1st quarter valued at about $223,000. Sagil Capital LLP increased its position in Betterware de México, S.A.P.I. de C.V. by 39.1% during the 3rd quarter. Sagil Capital LLP now owns 53,534 shares of the company’s stock valued at $872,000 after buying an additional 15,048 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Betterware de México, S.A.P.I. de C.V. during the 4th quarter valued at about $406,000. CWA Asset Management Group LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. during the 4th quarter valued at about $467,000. Finally, Acadian Asset Management LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. during the 3rd quarter valued at about $548,000. 12.72% of the stock is currently owned by hedge funds and other institutional investors.
Betterware de México, S.A.P.I. de C.V. Stock Down 6.8 %
Shares of NASDAQ BWMX traded down $1.17 during mid-day trading on Monday, reaching $16.01. 168,218 shares of the company were exchanged, compared to its average volume of 47,264. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 3.17. The stock has a market cap of $641.10 million, a price-to-earnings ratio of 8.94 and a beta of 1.38. Betterware de México, S.A.P.I. de C.V. has a 1 year low of $9.77 and a 1 year high of $21.28. The firm has a 50-day moving average of $18.38 and a 200 day moving average of $15.45.
Betterware de México, S.A.P.I. de C.V. Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 8th were paid a dividend of $0.3521 per share. This is a boost from Betterware de México, S.A.P.I. de C.V.’s previous quarterly dividend of $0.27. This represents a $1.41 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend was Thursday, March 7th. Betterware de México, S.A.P.I. de C.V.’s dividend payout ratio is 78.77%.
About Betterware de México, S.A.P.I. de C.V.
Betterware de México, SAP.I. de C.V. operates as a direct-to-consumer company. It operates through two segments, The Home Organization Products (Betterware or BWM); and The Beauty and Personal Care Products (JAFRA). The Betterware or BWM segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; and technology and mobility.
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