Waterdrop Inc. (NYSE:WDH - Get Free Report) traded down 6.1% during mid-day trading on Tuesday . The company traded as low as $1.37 and last traded at $1.37. 191,725 shares changed hands during trading, an increase of 7% from the average session volume of 179,358 shares. The stock had previously closed at $1.46.
Waterdrop Stock Down 0.1 %
The stock has a 50-day simple moving average of $1.27 and a 200 day simple moving average of $1.19. The company has a market cap of $565.98 million, a PE ratio of 12.74 and a beta of -0.26.
Waterdrop Dividend Announcement
The company also recently announced 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. The ex-dividend date is Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.23%. Waterdrop's payout ratio is currently 7.14%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in WDH. IDG China Capital Fund III Associates L.P. purchased a new position in Waterdrop in the 4th quarter valued at $6,760,000. Baader Bank Aktiengesellschaft lifted its position 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 acquiring an additional 1,192,092 shares in the last quarter. Jane Street Group LLC acquired a new stake in Waterdrop during the fourth quarter worth approximately $78,000. Finally, Catalina Capital Group LLC purchased a new position in Waterdrop during the fourth quarter worth approximately $27,000. 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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