Mirae Asset Global Investments Co. Ltd. Purchases New Stake in Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMXGet Rating) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 482,782 shares of the company’s stock, valued at approximately $8,222,000. Mirae Asset Global Investments Co. Ltd. owned approximately 1.29% of Betterware de México, S.A.P.I. de C.V. at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Betterware de México, S.A.P.I. de C.V. by 19.9% in the 1st quarter. Royal Bank of Canada now owns 15,460 shares of the company’s stock valued at $263,000 after buying an additional 2,566 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Betterware de México, S.A.P.I. de C.V. by 108.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,171 shares of the company’s stock valued at $429,000 after buying an additional 13,116 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. in the 1st quarter valued at $561,000. Prelude Capital Management LLC grew its holdings in Betterware de México, S.A.P.I. de C.V. by 81.5% in the 1st quarter. Prelude Capital Management LLC now owns 37,412 shares of the company’s stock valued at $637,000 after buying an additional 16,801 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. in the 1st quarter valued at $1,170,000. 17.90% of the stock is owned by institutional investors and hedge funds.

Betterware de México, S.A.P.I. de C.V. Stock Performance

BWMX opened at $7.85 on Wednesday. The firm has a market cap of $292.94 million, a P/E ratio of 4.73 and a beta of 1.26. Betterware de México, S.A.P.I. de C.V. has a 52-week low of $7.59 and a 52-week high of $37.78. The company has a debt-to-equity ratio of 5.37, a quick ratio of 0.65 and a current ratio of 1.32. The business’s fifty day moving average is $9.51 and its 200-day moving average is $13.07.

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMXGet Rating) last released its earnings results on Thursday, July 28th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.19). The company had revenue of $161.98 million for the quarter, compared to analyst estimates of $134.14 million. Betterware de México, S.A.P.I. de C.V. had a return on equity of 90.08% and a net margin of 12.93%. Sell-side analysts expect that Betterware de México, S.A.P.I. de C.V. will post 1.66 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th were issued a dividend of $0.2406 per share. This represents a $0.96 annualized dividend and a dividend yield of 12.26%. The ex-dividend date was Wednesday, August 24th. Betterware de México, S.A.P.I. de C.V.’s dividend payout ratio (DPR) is currently 57.83%.

About Betterware de México, S.A.P.I. de C.V.

(Get Rating)

Betterware de México, SAP.I. de C.V. operates as a direct-to-consumer company in Mexico. It focuses on the home organization segment with a product portfolio, including home solutions, kitchen and food preservation, technology and mobility, bedroom, bathroom, laundry and cleaning, and other categories.

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Institutional Ownership by Quarter for Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX)

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