Waterdrop Inc. (NYSE:WDH - Get Free Report) shares were down 1.4% during mid-day trading 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 cut Waterdrop from a "buy" rating to a "hold" rating in a report on Thursday.
Get Our Latest Stock Report on Waterdrop
Waterdrop Stock Down 1.3%
The stock has a market cap of $504.21 million, a price-to-earnings ratio of 11.59 and a beta of -0.36. The company has a 50 day simple moving average of $1.34 and a 200 day simple moving average of $1.25.
Waterdrop Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 5.75%. The ex-dividend date was Friday, April 11th. Waterdrop's dividend payout ratio (DPR) is presently 21.43%.
Hedge Funds Weigh In On Waterdrop
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Catalina Capital Group LLC acquired a new stake in Waterdrop in the fourth quarter valued at approximately $27,000. Jane Street Group LLC bought a new position in shares of Waterdrop in the 4th quarter valued at $78,000. Baader Bank Aktiengesellschaft boosted its holdings in shares of 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 acquiring an additional 369,325 shares in the last quarter. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop during the 4th quarter worth $6,760,000. Institutional investors own 1.96% of the company's stock.
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.
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