Waterdrop (NYSE:WDH) Sees Large Volume Increase – Still a Buy?

Waterdrop Inc. (NYSE:WDH) shares saw strong trading volume on Monday . 1,970,145 shares traded hands during mid-day trading, an increase of 611% from the previous session’s volume of 276,913 shares.The stock last traded at $1.37 and had previously closed at $1.30.

Waterdrop Stock Performance

The stock has a fifty day moving average price of $1.31 and a 200-day moving average price of $1.21. The firm has a market cap of $538.59 million, a PE ratio of 12.13 and a beta of -0.26.

Waterdrop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Friday, April 11th. Waterdrop’s payout ratio is currently 21.43%.

Hedge Funds Weigh In On Waterdrop

Several hedge funds and other institutional investors have recently made changes to their positions in the business. IDG China Capital Fund III Associates L.P. purchased a new position in Waterdrop in the fourth quarter valued at about $6,760,000. Baader Bank Aktiengesellschaft raised its holdings in shares of Waterdrop by 1,198.2% during 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 acquired a new position in Waterdrop during the 4th quarter worth approximately $78,000. Finally, Catalina Capital Group LLC purchased 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.

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.