Waterdrop (NYSE:WDH) Sees Strong Trading Volume - Should You Buy?

Key Points

• Waterdrop Inc. experienced a 74% increase in trading volume, with approximately 464,420 shares traded, marking a notable rise from the previous session's 267,302 shares.
• Analyst Wall Street Zen has downgraded Waterdrop from a "buy" rating to a "hold" rating, reflecting concerns regarding the company's future performance.
• The company announced a quarterly dividend of $0.03 per share, resulting in an annualized yield of 6.3%, with the ex-dividend date set for October 10th.

Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw strong trading volume on Monday . 464,420 shares changed hands during trading, an increase of 74% from the previous session's volume of 267,302 shares.The stock last traded at $1.95 and had previously closed at $1.81.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Waterdrop from a "hold" rating to a "buy" rating in a research note on Saturday.

Waterdrop Stock Performance

The business has a fifty day simple moving average of $1.73 and a 200 day simple moving average of $1.48. The stock has a market capitalization of $668.77 million, a price-to-earnings ratio of 10.85 and a beta of -0.27.

Waterdrop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, October 10th. Waterdrop's dividend payout ratio is currently 23.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in Waterdrop in the 2nd quarter valued at $25,000. Jane Street Group LLC acquired a new position in Waterdrop in the 4th quarter valued at $78,000. Invesco Ltd. acquired a new position in Waterdrop in the 2nd quarter valued at $156,000. E Fund Management Co. Ltd. acquired a new stake in shares of Waterdrop during the 2nd quarter worth $372,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Waterdrop during the 2nd quarter worth $372,000. 1.96% of the stock is owned by institutional investors and hedge funds.

Waterdrop Company Profile

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.