Waterdrop (NYSE:WDH) Trading Down 6.1% – Should You Sell?

Waterdrop Inc. (NYSE:WDH)’s share price dropped 6.1% on Tuesday . The stock traded as low as $1.37 and last traded at $1.37. Approximately 191,725 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 179,358 shares. The stock had previously closed at $1.46.

Waterdrop Trading Down 5.1 %

The company’s fifty day moving average is $1.25 and its two-hundred day moving average is $1.18. The stock has a market cap of $512.67 million, a price-to-earnings ratio of 11.54 and a beta of -0.26.

Waterdrop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Friday, April 11th. Waterdrop’s payout ratio is currently 7.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IDG China Capital Fund III Associates L.P. purchased a new position in shares of Waterdrop in the 4th quarter valued at about $6,760,000. Baader Bank Aktiengesellschaft raised its holdings in 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 acquiring an additional 1,192,092 shares in the last quarter. Jane Street Group LLC purchased a new position in Waterdrop in the fourth quarter worth approximately $78,000. Finally, Catalina Capital Group LLC purchased a new position in Waterdrop in the fourth quarter worth approximately $27,000. 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.