Waterdrop (NYSE:WDH) Sees Large Volume Increase - Still a Buy?

Key Points

• Waterdrop's trading volume increased by 1% with 291,137 shares exchanged, and the stock price rose to $2.04 from a previous close of $1.95.
• Wall Street Zen upgraded Waterdrop's rating from "hold" to "buy" on September 13th, indicating a positive outlook for investors.
• The company announced a quarterly dividend of $0.03 per share, with a dividend yield of **6.0%**, signifying a solid return for shareholders.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) shares saw an uptick in trading volume on Thursday . 291,137 shares changed hands during mid-day trading, an increase of 1% from the previous session's volume of 289,454 shares.The stock last traded at $2.04 and had previously closed at $1.95.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th.

Waterdrop Stock Up 2.8%

The firm has a market cap of $726.77 million, a P/E ratio of 11.74 and a beta of -0.27. The stock's 50-day moving average is $1.81 and its 200-day moving average is $1.52.

Waterdrop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.12 annualized dividend and a dividend yield of 6.0%. Waterdrop's dividend payout ratio is presently 17.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDH. Baader Bank Aktiengesellschaft lifted its position in Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after purchasing an additional 369,325 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in Waterdrop during the 2nd quarter valued at about $372,000. E Fund Management Co. Ltd. acquired a new stake in shares of Waterdrop in the 2nd quarter valued at approximately $372,000. Invesco Ltd. acquired a new stake in shares of Waterdrop in the 2nd quarter valued at approximately $156,000. Finally, Jane Street Group LLC acquired a new stake in shares of Waterdrop in the 4th quarter valued at approximately $78,000. Institutional investors and hedge funds 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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