Waterdrop (NYSE:WDH) Trading Down 4.5% – Should You Sell?

Waterdrop Inc. (NYSE:WDH) shares were down 4.5% during mid-day trading on Tuesday . The stock traded as low as $1.45 and last traded at $1.47. Approximately 43,070 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 272,685 shares. The stock had previously closed at $1.54.

Waterdrop Trading Down 4.9 %

The stock has a market cap of $542.29 million, a PE ratio of 12.29 and a beta of -0.26. The business has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.19.

Waterdrop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a dividend of $0.02 per share. 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 5.46%. Waterdrop’s dividend payout ratio is presently 7.14%.

Hedge Funds Weigh In On Waterdrop

Large investors have recently modified their holdings of the business. IDG China Capital Fund III Associates L.P. bought a new position in Waterdrop in the 4th quarter worth approximately $6,760,000. Baader Bank Aktiengesellschaft boosted its holdings 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 acquiring an additional 1,192,092 shares during the period. Jane Street Group LLC bought a new position in shares of Waterdrop in the fourth quarter worth $78,000. Finally, Catalina Capital Group LLC purchased a new position in shares of Waterdrop in the fourth quarter valued at $27,000. Hedge funds and other institutional investors 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.