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

Waterdrop Inc. (NYSE:WDH) shares were up 5% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $1.35 and last traded at $1.38. Approximately 68,921 shares traded 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. Stockholders of record on Friday, April 11th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Friday, April 11th.

Waterdrop Trading Up 14.1 %

The stock has a market capitalization of $553.39 million, a price-to-earnings ratio of 12.46 and a beta of -0.26. The company has a fifty day moving average of $1.24 and a two-hundred day moving average of $1.17.

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

Institutional Investors Weigh In On Waterdrop

A number of hedge funds have recently bought and sold shares of WDH. 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 worth $1,524,000 after purchasing an additional 1,192,092 shares during the period. Catalina Capital Group LLC bought a new stake in shares of Waterdrop in the 4th quarter worth approximately $27,000. IDG China Capital Fund III Associates L.P. bought a new stake in shares of Waterdrop in the 4th quarter worth approximately $6,760,000. Finally, Jane Street Group LLC bought a new stake in shares of Waterdrop in the 4th quarter worth approximately $78,000. 1.96% of the stock is currently owned by 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.