Waterdrop Inc. (NYSE:WDH - Get Free Report) dropped 1.4% on Tuesday . The stock traded as low as $1.40 and last traded at $1.44. Approximately 95,880 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 247,439 shares. The stock had previously closed at $1.46.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Waterdrop from a "buy" rating to a "hold" rating in a report on Thursday.
Read Our Latest Stock Analysis on Waterdrop
Waterdrop Trading Down 1.3%
The company's 50-day moving average is $1.34 and its two-hundred day moving average is $1.25. The stock has a market capitalization of $514.90 million, a P/E ratio of 11.59 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 given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.08 annualized dividend and a dividend yield of 5.75%. Waterdrop's dividend payout ratio is presently 21.43%.
Institutional Trading of Waterdrop
Several large investors have recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft boosted its position in Waterdrop by 1,198.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company's stock worth $1,524,000 after acquiring an additional 1,192,092 shares during the period. Catalina Capital Group LLC bought a new stake in shares of Waterdrop during the fourth quarter valued at about $27,000. IDG China Capital Fund III Associates L.P. bought a new stake in shares of Waterdrop during the fourth quarter valued at about $6,760,000. Finally, Jane Street Group LLC acquired a new stake in Waterdrop in the fourth quarter worth about $78,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.
About Waterdrop
(
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.
Further Reading
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