Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Hits New 12-Month High – Still a Buy?

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $15.85 and last traded at $15.81, with a volume of 216967 shares. The stock had previously closed at $14.21.

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

The company’s 50-day moving average is $14.17 and its 200 day moving average is $12.76. The stock has a market capitalization of $589.98 million, a PE ratio of 11.29 and a beta of 1.24. The company has a current ratio of 1.07, a quick ratio of 0.50 and a debt-to-equity ratio of 3.85.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 3rd were paid a $0.2912 dividend. The ex-dividend date was Monday, November 3rd. This is a positive change 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 7.4%. Betterware de México, S.A.P.I. de C.V.’s dividend payout ratio (DPR) is 74.29%.

Institutional Investors Weigh In On Betterware de México, S.A.P.I. de C.V.

A number of large investors have recently bought and sold shares of BWMX. Kingstone Capital Partners Texas LLC purchased a new position in Betterware de México, S.A.P.I. de C.V. during the 2nd quarter worth approximately $11,708,000. Millennium Management LLC acquired a new stake in shares of Betterware de México, S.A.P.I. de C.V. in the third quarter worth $995,000. Commons Capital LLC raised its holdings in shares of Betterware de México, S.A.P.I. de C.V. by 41.6% during the second quarter. Commons Capital LLC now owns 54,468 shares of the company’s stock worth $471,000 after purchasing an additional 16,000 shares during the last quarter. Citadel Advisors LLC lifted its position in Betterware de México, S.A.P.I. de C.V. by 149.2% during the third quarter. Citadel Advisors LLC now owns 53,671 shares of the company’s stock valued at $722,000 after purchasing an additional 32,132 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Betterware de México, S.A.P.I. de C.V. by 2.4% during the third quarter. BNP Paribas Financial Markets now owns 53,166 shares of the company’s stock valued at $715,000 after purchasing an additional 1,264 shares during the period. Hedge funds and other institutional investors 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.