Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Sees Strong Trading Volume – Here’s Why

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) saw unusually-strong trading volume on Tuesday . Approximately 107,654 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 89,278 shares.The stock last traded at $17.32 and had previously closed at $16.51.

Betterware de México, S.A.P.I. de C.V. Stock Up 11.3%

The stock has a market cap of $685.57 million, a PE ratio of 13.12 and a beta of 1.24. The business has a 50 day moving average price of $14.61 and a 200 day moving average price of $13.35. The company has a quick ratio of 0.50, a current ratio of 1.07 and a debt-to-equity ratio of 3.85.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 3rd were paid a $0.2912 dividend. This is an increase from Betterware de México, S.A.P.I. de C.V.’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, November 3rd. 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.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWMX. Redhawk Wealth Advisors Inc. purchased a new position in Betterware de México, S.A.P.I. de C.V. during the fourth quarter worth about $998,000. Millennium Management LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. during the third quarter worth $995,000. Citadel Advisors LLC grew its position 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 acquiring an additional 32,132 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Betterware de México, S.A.P.I. de C.V. during the third quarter worth about $142,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Betterware de México, S.A.P.I. de C.V. in the 3rd quarter valued at approximately $351,000. Institutional investors and hedge funds own 12.72% of the company’s stock.

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.