Wall Street Zen lowered shares of Waterdrop (NYSE:WDH - Free Report) from a buy rating to a hold rating in a report published on Thursday.
Waterdrop Trading Up 2.1%
Shares of WDH traded up $0.03 during mid-day trading on Thursday, reaching $1.43. The company had a trading volume of 90,405 shares, compared to its average volume of 240,099. The stock has a market cap of $518.34 million, a price-to-earnings ratio of 11.92 and a beta of -0.36. The firm has a fifty day simple moving average of $1.34 and a 200-day simple moving average of $1.25. Waterdrop has a fifty-two week low of $0.97 and a fifty-two week high of $1.57.
Waterdrop Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.08 annualized dividend and a dividend yield of 5.59%. Waterdrop's payout ratio is 21.43%.
Hedge Funds Weigh In On Waterdrop
Several hedge funds and other institutional investors have recently made changes to their positions in WDH. Baader Bank Aktiengesellschaft lifted its holdings 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 valued at $1,524,000 after acquiring an additional 1,192,092 shares in the last quarter. Catalina Capital Group LLC acquired a new position in shares of Waterdrop during the 4th quarter valued at $27,000. IDG China Capital Fund III Associates L.P. acquired a new position in shares of Waterdrop during the 4th quarter valued at $6,760,000. Finally, Jane Street Group LLC acquired a new position in shares of Waterdrop during the 4th quarter valued at $78,000. Institutional investors and hedge funds own 1.96% of the company's stock.
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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