Waterdrop (NYSE:WDH) Shares Down 1.4% – Time to Sell?

Waterdrop Inc. (NYSE:WDH)’s share price was down 1.4% during trading on Tuesday . The company traded as low as $1.40 and last traded at $1.44. Approximately 95,880 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 247,439 shares. The stock had previously closed at $1.46.

Waterdrop Stock Performance

The business’s 50 day moving average is $1.34 and its 200 day moving average is $1.25. The stock has a market cap of $533.03 million, a price-to-earnings ratio of 12.00 and a beta of -0.36.

Waterdrop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were given a $0.02 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a yield of 5.56%. Waterdrop’s payout ratio is 21.43%.

Institutional Investors Weigh In On Waterdrop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDH. Catalina Capital Group LLC purchased a new stake in Waterdrop in the 4th quarter worth approximately $27,000. Jane Street Group LLC purchased a new stake in Waterdrop in the 4th quarter worth approximately $78,000. Baader Bank Aktiengesellschaft lifted its position in Waterdrop by 1,198.2% in the 4th 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 in the last quarter. Finally, IDG China Capital Fund III Associates L.P. purchased a new stake in Waterdrop in the 4th quarter worth approximately $6,760,000. Hedge funds and other 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.