Waterdrop (NYSE:WDH) Trading 3.8% Higher – Here’s What Happened

Shares of Waterdrop Inc. (NYSE:WDH) shot up 3.8% during trading on Thursday . The company traded as high as $1.47 and last traded at $1.50. 297,311 shares changed hands during trading, an increase of 9% from the average session volume of 272,769 shares. The stock had previously closed at $1.44.

Waterdrop Price Performance

The business’s 50 day simple moving average is $1.26 and its 200 day simple moving average is $1.18. The company has a market capitalization of $564.50 million, a PE ratio of 12.71 and a beta of -0.26.

Waterdrop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend is Friday, April 11th. Waterdrop’s dividend payout ratio (DPR) is presently 7.14%.

Hedge Funds Weigh In On Waterdrop

Institutional investors have recently bought and sold shares of the company. Catalina Capital Group LLC purchased a new position in Waterdrop during the fourth quarter worth about $27,000. Jane Street Group LLC purchased a new position in Waterdrop during the fourth quarter worth about $78,000. Baader Bank Aktiengesellschaft raised its stake in Waterdrop by 1,198.2% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock worth $1,524,000 after purchasing an additional 1,192,092 shares during the period. Finally, IDG China Capital Fund III Associates L.P. purchased a new position in Waterdrop during the fourth quarter worth about $6,760,000. 1.96% of the stock is owned by hedge funds and other institutional investors.

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.