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

Waterdrop Inc. (NYSE:WDH) shares gapped up prior to trading on Wednesday . The stock had previously closed at $1.46, but opened at $1.49. Waterdrop shares last traded at $1.46, with a volume of 91,678 shares traded.

Waterdrop Stock Up 0.7 %

The stock has a market capitalization of $544.14 million, a P/E ratio of 12.21 and a beta of -0.26. The stock’s 50 day moving average price is $1.28 and its 200-day moving average price is $1.20.

Waterdrop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a $0.02 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.44%. Waterdrop’s dividend payout ratio is presently 7.14%.

Institutional Investors Weigh In On Waterdrop

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Waterdrop in the fourth quarter worth about $78,000. IDG China Capital Fund III Associates L.P. bought a new position in shares of Waterdrop during the 4th quarter worth approximately $6,760,000. Catalina Capital Group LLC purchased a new stake in Waterdrop during the fourth quarter valued at approximately $27,000. Finally, Baader Bank Aktiengesellschaft increased its position in shares of Waterdrop by 1,198.2% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock worth $1,524,000 after purchasing an additional 1,192,092 shares in the last quarter. 1.96% of the stock is currently owned by hedge funds and other 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.