CWA Asset Management Group LLC Invests $1.02 Million in Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX)

CWA Asset Management Group LLC acquired a new stake in Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 80,424 shares of the company's stock, valued at approximately $1,020,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BWMX. Blue Trust Inc. raised its stake in Betterware de México, S.A.P.I. de C.V. by 64.1% in the third quarter. Blue Trust Inc. now owns 2,540 shares of the company's stock valued at $32,000 after purchasing an additional 992 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Betterware de México, S.A.P.I. de C.V. during the second quarter worth approximately $169,000. Lazard Asset Management LLC raised its position in shares of Betterware de México, S.A.P.I. de C.V. by 56.6% during the first quarter. Lazard Asset Management LLC now owns 14,121 shares of the company's stock worth $282,000 after purchasing an additional 5,104 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Betterware de México, S.A.P.I. de C.V. during the first quarter worth approximately $497,000. Finally, Acadian Asset Management LLC raised its position in shares of Betterware de México, S.A.P.I. de C.V. by 195.0% during the first quarter. Acadian Asset Management LLC now owns 32,473 shares of the company's stock worth $642,000 after purchasing an additional 21,467 shares during the period. 12.72% of the stock is owned by institutional investors.

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

NASDAQ BWMX traded up $0.18 on Monday, reaching $12.71. The company had a trading volume of 30,205 shares, compared to its average volume of 37,954. The company's fifty day moving average is $12.92 and its 200 day moving average is $14.62. Betterware de México, S.A.P.I. de C.V. has a 52-week low of $11.73 and a 52-week high of $21.28. 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. Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be given a $0.3041 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date is Friday, November 8th. Betterware de México, S.A.P.I. de C.V.'s payout ratio is currently 97.14%.

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

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.