Shares of Waterdrop Inc. (NYSE:WDH - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 278,519 shares changed hands during trading, an increase of 2% from the previous session's volume of 273,462 shares.The stock last traded at $1.50 and had previously closed at $1.53.
Waterdrop Stock Down 4.5 %
The stock has a market capitalization of $544.14 million, a P/E ratio of 12.25 and a beta of -0.26. The firm has a fifty day moving average price of $1.28 and a two-hundred day moving average price of $1.20.
Waterdrop Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.08 annualized dividend and a dividend yield of 5.44%. Waterdrop's dividend payout ratio is presently 7.14%.
Institutional Investors Weigh In On Waterdrop
Institutional investors and hedge funds have recently made changes to their positions in the company. Catalina Capital Group LLC bought a new position in Waterdrop in the 4th quarter valued at approximately $27,000. Jane Street Group LLC purchased a new position in shares of Waterdrop in the fourth quarter worth $78,000. Baader Bank Aktiengesellschaft lifted its holdings in shares of Waterdrop by 1,198.2% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company's stock valued at $1,524,000 after purchasing an additional 1,192,092 shares in the last quarter. Finally, IDG China Capital Fund III Associates L.P. bought a new position in shares of Waterdrop during the fourth quarter valued at $6,760,000. Institutional investors own 1.96% of the company's stock.
About Waterdrop
(
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Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.
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