Waterdrop (NYSE:WDH) Sees Unusually-High Trading Volume – Here’s Why

Waterdrop Inc. (NYSE:WDH) shares saw an uptick in trading volume on Friday . 278,519 shares changed hands during trading, an increase of 2% from the previous session’s volume of 273,462 shares.The stock last traded at $1.50 and had previously closed at $1.53.

Waterdrop Trading Down 1.6 %

The firm has a market cap of $557.09 million, a price-to-earnings ratio of 12.54 and a beta of -0.26. The company has a 50 day moving average of $1.26 and a 200 day moving average of $1.19.

Waterdrop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Friday, April 11th. Waterdrop’s dividend payout ratio is 7.14%.

Institutional Trading of Waterdrop

Several hedge funds and other institutional investors have recently modified their holdings of the company. Catalina Capital Group LLC acquired a new stake in shares of Waterdrop in the 4th quarter valued at about $27,000. Jane Street Group LLC acquired a new stake in shares of Waterdrop in the 4th quarter valued at about $78,000. Baader Bank Aktiengesellschaft raised its stake in shares of Waterdrop by 1,198.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock valued at $1,524,000 after purchasing an additional 1,192,092 shares during the period. Finally, IDG China Capital Fund III Associates L.P. acquired a new stake in shares of Waterdrop in the 4th quarter valued at about $6,760,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

About Waterdrop

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.