Waterdrop (NYSE:WDH) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Waterdrop Inc. shares experienced unusually-high trading volume with 255,656 shares changing hands, although this was a 10% decrease from the previous session.
• Wall Street Zen upgraded Waterdrop's rating from "hold" to "buy," indicating positive sentiment from analysts.
• The company declared a quarterly dividend of $0.03, representing a 6.3% yield, with the payout scheduled for November 7th to stockholders of record from October 10th.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) shares saw an uptick in trading volume on Friday . 255,656 shares were traded during trading, a decline of 10% from the previous session's volume of 283,070 shares.The stock last traded at $1.92 and had previously closed at $1.86.

Analysts Set New Price Targets

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

Waterdrop Price Performance

The business's 50-day simple moving average is $1.78 and its two-hundred day simple moving average is $1.51. The stock has a market cap of $710.09 million, a price-to-earnings ratio of 11.52 and a beta of -0.27.

Waterdrop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 10th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Friday, October 10th. Waterdrop's dividend payout ratio (DPR) is currently 23.53%.

Hedge Funds Weigh In On Waterdrop

A number of hedge funds have recently bought and sold shares of WDH. Marshall Wace LLP bought a new stake in Waterdrop in the second quarter valued at $25,000. Jane Street Group LLC bought a new stake in Waterdrop in the fourth quarter valued at $78,000. Invesco Ltd. bought a new stake in Waterdrop in the second quarter valued at $156,000. E Fund Management Co. Ltd. bought a new stake in Waterdrop in the second quarter valued at $372,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Waterdrop in the second quarter valued at $372,000. Institutional investors own 1.96% of the company's stock.

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.