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

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

Waterdrop Stock Down 0.3 %

The company has a market capitalization of $564.50 million, a P/E ratio of 12.71 and a beta of -0.26. The firm has a 50-day moving average price of $1.27 and a two-hundred day moving average price of $1.19.

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. The ex-dividend date is Friday, April 11th. This represents a $0.08 annualized dividend and a dividend yield of 5.25%. Waterdrop’s dividend payout ratio is 7.14%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Catalina Capital Group LLC bought a new position in Waterdrop in the fourth quarter worth $27,000. Jane Street Group LLC bought a new position in shares of Waterdrop during the 4th quarter valued at about $78,000. Baader Bank Aktiengesellschaft lifted 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 purchasing an additional 1,192,092 shares in the last quarter. Finally, IDG China Capital Fund III Associates L.P. bought a new position in shares of Waterdrop during the 4th quarter valued at about $6,760,000. 1.96% of the stock is owned by 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.