Waterdrop Inc. (NYSE:WDH - Get Free Report)'s share price traded down 3.2% during mid-day trading on Tuesday . The stock traded as low as $1.44 and last traded at $1.45. 107,483 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 235,228 shares. The stock had previously closed at $1.50.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a report on Friday, May 30th.
Read Our Latest Analysis on Waterdrop
Waterdrop Price Performance
The stock has a market capitalization of $527.40 million, a P/E ratio of 12.13 and a beta of -0.29. The stock's fifty day moving average is $1.34 and its two-hundred day moving average is $1.27.
Waterdrop Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend was Friday, April 11th. Waterdrop's dividend payout ratio is 21.43%.
Hedge Funds Weigh In On Waterdrop
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDH. IDG China Capital Fund III Associates L.P. acquired a new position in Waterdrop in the 4th quarter worth approximately $6,760,000. Baader Bank Aktiengesellschaft boosted its stake in 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 period. Jane Street Group LLC acquired a new position in Waterdrop in the 4th quarter worth approximately $78,000. Finally, Catalina Capital Group LLC acquired a new position in Waterdrop in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 1.96% of the company's stock.
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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