Waterdrop (NYSE:WDH) Reaches New 52-Week High – Still a Buy?

Waterdrop Inc. (NYSE:WDH)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $1.57 and last traded at $1.49, with a volume of 169379 shares. The stock had previously closed at $1.50.

Waterdrop Trading Down 7.0 %

The stock’s fifty day moving average price is $1.24 and its 200 day moving average price is $1.18. The stock has a market cap of $516.38 million, a P/E ratio of 11.63 and a beta of -0.26.

Waterdrop (NYSE:WDH) last released its earnings results on Wednesday, December 11th. The company reported $0.05 EPS for the quarter. Waterdrop had a net margin of 11.69% and a return on equity of 7.02%.

Waterdrop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 11th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Friday, April 11th. Waterdrop’s dividend payout ratio is currently 7.14%.

Hedge Funds Weigh In On Waterdrop

Several institutional investors and hedge funds have recently made changes to their positions in the business. Catalina Capital Group LLC bought a new position in shares of Waterdrop during the 4th quarter valued at $27,000. Jane Street Group LLC bought a new position in shares of Waterdrop during the 4th quarter valued at $78,000. Baader Bank Aktiengesellschaft grew 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 during 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 $6,760,000. Institutional investors 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.