Waterdrop (NYSE:WDH) Trading Up 4.8% – Time to Buy?

Waterdrop Inc. (NYSE:WDH)’s share price was up 4.8% during trading on Thursday . The company traded as high as $1.48 and last traded at $1.43. Approximately 193,183 shares changed hands during trading, a decline of 23% from the average daily volume of 251,835 shares. The stock had previously closed at $1.36.

Waterdrop Stock Performance

The stock has a market cap of $570.05 million, a PE ratio of 12.83 and a beta of -0.36. The business has a 50-day moving average of $1.34 and a 200 day moving average of $1.24.

Waterdrop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Friday, April 11th. Waterdrop’s dividend payout ratio is presently 21.43%.

Institutional Trading of Waterdrop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDH. IDG China Capital Fund III Associates L.P. purchased a new stake in Waterdrop in the 4th quarter valued at about $6,760,000. Baader Bank Aktiengesellschaft grew its holdings in 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 buying an additional 1,192,092 shares during the period. Jane Street Group LLC purchased a new stake in Waterdrop in the 4th quarter valued at about $78,000. Finally, Catalina Capital Group LLC purchased a new stake in Waterdrop in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors 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.