Waterdrop Inc. (NYSE:WDH - Get Free Report)'s share price traded up 5% during trading on Thursday following a dividend announcement from the company. The stock traded as high as $1.35 and last traded at $1.38. 68,921 shares were traded during mid-day trading, a decline of 74% from the average session volume of 269,011 shares. The stock had previously closed at $1.31.The newly announced dividend which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.78%.
Waterdrop Stock Up 5.7 %
The stock's 50-day moving average is $1.23 and its 200-day moving average is $1.17. The firm has a market cap of $512.67 million, a P/E ratio of 11.54 and a beta of -0.26.
Waterdrop (NYSE:WDH - Get Free Report) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.05 earnings per share for the quarter. Waterdrop had a net margin of 11.69% and a return on equity of 7.02%.
Institutional Trading of Waterdrop
Several hedge funds have recently bought and sold shares of the stock. IDG China Capital Fund III Associates L.P. bought a new position in shares of Waterdrop during the 4th quarter worth approximately $6,760,000. Baader Bank Aktiengesellschaft grew its stake in shares of Waterdrop by 1,198.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company's stock valued at $1,524,000 after buying an additional 1,192,092 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Waterdrop in the fourth quarter valued at $78,000. Finally, Catalina Capital Group LLC bought a new position in Waterdrop during the fourth quarter worth $27,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.
Waterdrop Company Profile
(
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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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