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

Waterdrop Inc. (NYSE:WDH) shares traded 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. 68,921 shares traded hands during mid-day trading, a decline of 74% from the average session 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. Shareholders of record on Friday, April 11th will be issued 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 yield of 5.73%.

Waterdrop Stock Performance

The business has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.18. The firm has a market cap of $516.38 million, a price-to-earnings ratio of 11.63 and a beta of -0.26.

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

Institutional Investors Weigh In On 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 valued at about $27,000. Jane Street Group LLC acquired a new stake in shares of Waterdrop in the fourth quarter valued at about $78,000. Baader Bank Aktiengesellschaft increased its stake 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 valued at $1,524,000 after buying an additional 1,192,092 shares during the period. Finally, IDG China Capital Fund III Associates L.P. acquired a new stake in shares of Waterdrop in the fourth quarter valued at 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.