Waterdrop Inc. (NYSE:WDH - Get Free Report)'s stock price traded down 6.1% during trading on Tuesday . The stock traded as low as $1.37 and last traded at $1.37. 191,725 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 179,358 shares. The stock had previously closed at $1.46.
Waterdrop Stock Performance
The stock has a market cap of $564.50 million, a PE ratio of 12.71 and a beta of -0.26. The company's 50 day simple moving average is $1.27 and its 200 day simple moving average is $1.19.
Waterdrop Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Friday, April 11th. Waterdrop's dividend payout ratio is currently 7.14%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Catalina Capital Group LLC bought a new position in shares of Waterdrop during the 4th quarter valued at approximately $27,000. Jane Street Group LLC bought a new position in Waterdrop in the 4th quarter worth approximately $78,000. Baader Bank Aktiengesellschaft boosted its holdings in 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 buying an additional 1,192,092 shares during the period. Finally, IDG China Capital Fund III Associates L.P. bought a new position in Waterdrop in the 4th quarter worth approximately $6,760,000. 1.96% of the stock is owned by institutional investors.
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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