Waterdrop Inc. (NYSE:WDH - Get Free Report)'s share price fell 4.5% during mid-day trading on Tuesday . The company traded as low as $1.45 and last traded at $1.47. 43,070 shares were traded during trading, a decline of 84% from the average session volume of 272,685 shares. The stock had previously closed at $1.54.
Waterdrop Trading Down 6.8 %
The stock has a market capitalization of $483.06 million, a PE ratio of 10.88 and a beta of -0.26. The firm has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.20.
Waterdrop Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date of this dividend is Friday, April 11th. Waterdrop's dividend payout ratio is currently 7.14%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Waterdrop in the 4th quarter valued at $78,000. IDG China Capital Fund III Associates L.P. purchased a new position in shares of Waterdrop in the fourth quarter valued at approximately $6,760,000. Catalina Capital Group LLC acquired a new position in Waterdrop during the 4th quarter worth $27,000. Finally, 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 valued at $1,524,000 after purchasing an additional 1,192,092 shares during the last quarter. Hedge funds and other institutional investors own 1.96% of the company's stock.
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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