Waterdrop (NYSE:WDH) Sees Large Volume Increase - Here's What Happened

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.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 464,420 shares changed hands during mid-day 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 cut Waterdrop from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th.

Waterdrop Price Performance

The business has a 50-day moving average of $1.68 and a 200 day moving average of $1.46. The company has a market cap of $688.35 million, a PE ratio of 11.15 and a beta of -0.27.

Waterdrop Dividend Announcement

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 dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, October 10th. Waterdrop's dividend payout ratio (DPR) is presently 17.65%.

Hedge Funds Weigh In On Waterdrop

Several institutional investors and hedge funds have recently modified their holdings of WDH. Jane Street Group LLC purchased a new position in shares of Waterdrop during the fourth quarter worth about $78,000. Baader Bank Aktiengesellschaft lifted its holdings in Waterdrop by 28.6% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock worth $2,475,000 after buying an additional 369,325 shares in the last quarter. E Fund Management Co. Ltd. acquired a new stake in shares of Waterdrop in the 2nd quarter valued at about $372,000. Invesco Ltd. bought a new stake in shares of Waterdrop during the 2nd quarter valued at about $156,000. Finally, Marshall Wace LLP bought a new position in Waterdrop in the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 1.96% of the company's stock.

About Waterdrop

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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