Waterdrop (NYSE:WDH) Trading 5% Higher Following Dividend Announcement

Waterdrop Inc. (NYSE:WDH)’s share price was up 5% during mid-day trading on Thursday after the company announced a dividend. The company traded as high as $1.35 and last traded at $1.38. Approximately 68,921 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 269,011 shares. The stock had previously closed at $1.31.

The newly announced dividend which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 5.78%.

Waterdrop Price Performance

The company has a fifty day moving average of $1.23 and a 200 day moving average of $1.17. The firm has a market capitalization of $512.67 million, a P/E ratio of 11.54 and a beta of -0.26.

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

Hedge Funds Weigh In On Waterdrop

Several institutional investors have recently added to or reduced their stakes in the business. Catalina Capital Group LLC acquired a new position in shares of Waterdrop during the fourth quarter worth approximately $27,000. Jane Street Group LLC purchased a new stake in Waterdrop in the 4th quarter valued at $78,000. Baader Bank Aktiengesellschaft raised 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 valued at $1,524,000 after buying an additional 1,192,092 shares during the last quarter. Finally, IDG China Capital Fund III Associates L.P. purchased a new stake in Waterdrop in the 4th quarter valued at $6,760,000. 1.96% of the stock is owned by institutional investors and hedge funds.

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.