Waterdrop (NYSE:WDH) Trading Down 4.5% – Should You Sell?

Waterdrop Inc. (NYSE:WDH) shares traded down 4.5% during mid-day trading on Tuesday . The company traded as low as $1.45 and last traded at $1.47. 43,070 shares were traded during trading, a decline of 84% from the average session volume of 272,685 shares. The stock had previously closed at $1.54.

Waterdrop Price Performance

The company has a fifty day moving average price of $1.28 and a 200 day moving average price of $1.19. The company has a market cap of $542.29 million, a PE ratio of 12.29 and a beta of -0.26.

Waterdrop Dividend Announcement

The business 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. The ex-dividend date is Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a yield of 5.46%. Waterdrop’s dividend payout ratio is presently 7.14%.

Hedge Funds Weigh In On Waterdrop

A number of institutional investors have recently made changes to their positions in WDH. IDG China Capital Fund III Associates L.P. purchased a new position in Waterdrop in the fourth quarter worth $6,760,000. Baader Bank Aktiengesellschaft raised its position in Waterdrop by 1,198.2% during the fourth 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. Jane Street Group LLC bought a new stake in Waterdrop during the fourth quarter worth about $78,000. Finally, Catalina Capital Group LLC purchased a new position in shares of Waterdrop in the 4th quarter worth about $27,000. 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.