Waterdrop Inc. (NYSE:WDH - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $1.46, but opened at $1.49. Waterdrop shares last traded at $1.46, with a volume of 91,678 shares changing hands.
Waterdrop Stock Down 6.8 %
The firm's 50 day simple moving average is $1.30 and its 200-day simple moving average is $1.20. The company has a market capitalization of $483.06 million, a PE ratio of 10.88 and a beta of -0.26.
Waterdrop Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 11th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Friday, April 11th. Waterdrop's dividend payout ratio (DPR) is presently 7.14%.
Institutional Investors Weigh In On Waterdrop
A number of large investors have recently added to or reduced their stakes in the company. Catalina Capital Group LLC purchased a new stake in Waterdrop during the 4th quarter worth approximately $27,000. Jane Street Group LLC acquired a new position in Waterdrop during the 4th quarter worth $78,000. Baader Bank Aktiengesellschaft increased its position in shares of Waterdrop by 1,198.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company's stock worth $1,524,000 after purchasing an additional 1,192,092 shares during the last quarter. Finally, IDG China Capital Fund III Associates L.P. bought a new position in shares of Waterdrop during the fourth quarter worth about $6,760,000. 1.96% of the stock is owned by institutional investors and hedge funds.
Waterdrop Company Profile
(
Get Free Report)
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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