Waterdrop Inc. (NYSE:WDH - Get Free Report) was up 3.8% during trading on Thursday . The company traded as high as $1.47 and last traded at $1.50. Approximately 297,311 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 272,769 shares. The stock had previously closed at $1.44.
Waterdrop Stock Down 0.1 %
The firm has a market capitalization of $565.98 million, a PE ratio of 12.74 and a beta of -0.26. The business's fifty day moving average price is $1.27 and its 200 day moving average price is $1.19.
Waterdrop Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 5.23%. Waterdrop's dividend payout ratio is currently 7.14%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Catalina Capital Group LLC purchased a new position in shares of Waterdrop during the 4th quarter worth approximately $27,000. Jane Street Group LLC purchased a new stake in shares of Waterdrop during the 4th quarter worth $78,000. Baader Bank Aktiengesellschaft grew its stake in shares of Waterdrop by 1,198.2% during 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 period. Finally, IDG China Capital Fund III Associates L.P. acquired a new stake in shares of Waterdrop in the fourth quarter valued at about $6,760,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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