Waterdrop (NYSE:WDH) Trading Up 3.8% – Here’s Why

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

Waterdrop Trading Down 0.3 %

The stock has a market cap of $564.50 million, a P/E ratio of 12.71 and a beta of -0.26. The company has a 50 day simple moving average of $1.27 and a 200 day simple moving average of $1.19.

Waterdrop Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Catalina Capital Group LLC acquired a new position in shares of Waterdrop during the 4th quarter worth approximately $27,000. Jane Street Group LLC bought a new stake in Waterdrop in the 4th quarter valued at $78,000. Baader Bank Aktiengesellschaft boosted its stake 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 purchasing an additional 1,192,092 shares during the period. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in shares of Waterdrop during the 4th quarter valued at $6,760,000. 1.96% of the stock is owned by institutional investors and hedge funds.

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.