Waterdrop (NYSE:WDH) Sees Large Volume Increase – Here’s What Happened

Waterdrop Inc. (NYSE:WDH) saw an uptick in trading volume on Friday . 278,519 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 273,462 shares.The stock last traded at $1.50 and had previously closed at $1.53.

Waterdrop Price Performance

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

Waterdrop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 11th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.25%. Waterdrop’s dividend payout ratio is currently 7.14%.

Institutional Trading of Waterdrop

Institutional investors and hedge funds have recently made changes to their positions in the stock. Catalina Capital Group LLC acquired a new stake in shares of Waterdrop in the fourth quarter worth about $27,000. Jane Street Group LLC acquired a new stake in shares of Waterdrop in the fourth quarter worth about $78,000. Baader Bank Aktiengesellschaft lifted its position in shares of Waterdrop by 1,198.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock worth $1,524,000 after buying an additional 1,192,092 shares during the last quarter. Finally, IDG China Capital Fund III Associates L.P. acquired a new stake in shares of Waterdrop in the fourth quarter worth about $6,760,000. Institutional investors and hedge funds 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.