Shares of Waterdrop Inc. (NYSE:WDH - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 184,558 shares traded hands during trading, a decline of 22% from the previous session's volume of 237,122 shares.The stock last traded at $1.45 and had previously closed at $1.45.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a research report on Friday.
Get Our Latest Research Report on Waterdrop
Waterdrop Trading Down 0.3%
The firm's 50 day moving average is $1.33 and its two-hundred day moving average is $1.26. The firm has a market cap of $516.53 million, a P/E ratio of 11.88 and a beta of -0.36.
Waterdrop Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were issued a $0.02 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.61%. Waterdrop's dividend payout ratio (DPR) is presently 21.43%.
Hedge Funds Weigh In On Waterdrop
Several institutional investors and hedge funds have recently modified their holdings of WDH. Catalina Capital Group LLC bought a new stake in shares of Waterdrop in the fourth quarter valued at about $27,000. Jane Street Group LLC bought a new stake in Waterdrop during the fourth quarter worth about $78,000. Baader Bank Aktiengesellschaft lifted its position in Waterdrop by 28.6% during the first quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock worth $2,475,000 after purchasing an additional 369,325 shares during the period. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop during the fourth quarter worth about $6,760,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.
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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