Waterdrop (NYSE:WDH) Shares Gap Up – Should You Buy?

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 changing hands.

Waterdrop Stock Performance

The stock has a market capitalization of $516.38 million, a price-to-earnings ratio of 11.63 and a beta of -0.26. The business has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.20.

Waterdrop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be paid a $0.02 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.08 annualized dividend and a dividend yield of 5.73%. Waterdrop’s dividend payout ratio (DPR) is presently 7.14%.

Institutional Trading of Waterdrop

A number of institutional investors have recently bought and sold shares of WDH. Baader Bank Aktiengesellschaft increased its holdings 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 during the period. IDG China Capital Fund III Associates L.P. acquired a new stake in Waterdrop during the fourth quarter worth approximately $6,760,000. Catalina Capital Group LLC bought a new position in Waterdrop during the 4th quarter worth $27,000. Finally, Jane Street Group LLC acquired a new position in Waterdrop in the 4th quarter valued at $78,000. 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.