Waterdrop (NYSE:WDH) Stock Price Down 3.2% - Should You Sell?

Waterdrop Inc. (NYSE:WDH - Get Free Report) shares were down 3.2% during mid-day trading on Tuesday . The company traded as low as $1.44 and last traded at $1.45. Approximately 107,483 shares were traded during trading, a decline of 54% from the average daily volume of 235,228 shares. The stock had previously closed at $1.50.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a research note on Friday, May 30th.

Waterdrop Price Performance

The stock has a 50-day moving average price of $1.34 and a 200-day moving average price of $1.27. The firm has a market capitalization of $534.65 million, a PE ratio of 12.29 and a beta of -0.29.

Waterdrop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were issued 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 yield of 5.42%. Waterdrop's dividend payout ratio is presently 21.43%.

Institutional Trading of Waterdrop

Hedge funds have recently made changes to their positions in the stock. IDG China Capital Fund III Associates L.P. acquired a new stake in Waterdrop in the fourth quarter valued at $6,760,000. Baader Bank Aktiengesellschaft increased its position in shares of Waterdrop by 28.6% in the 1st 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 last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Waterdrop in the 4th quarter worth about $78,000. Institutional investors and hedge funds 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.