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

Waterdrop Inc. (NYSE:WDH)’s share price dropped 6.1% during trading on Tuesday . The company traded as low as $1.37 and last traded at $1.37. Approximately 191,725 shares traded 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 Up 5.9 %

The stock has a market cap of $564.50 million, a price-to-earnings ratio of 12.71 and a beta of -0.26. The stock’s 50 day moving average is $1.26 and its two-hundred day moving average is $1.18.

Waterdrop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 5.25%. Waterdrop’s dividend payout ratio (DPR) is currently 7.14%.

Hedge Funds Weigh In On Waterdrop

Several institutional investors have recently bought and sold shares of the company. Catalina Capital Group LLC acquired a new stake in shares of Waterdrop in the 4th quarter worth $27,000. Jane Street Group LLC acquired a new stake in Waterdrop in the fourth quarter valued at about $78,000. Baader Bank Aktiengesellschaft boosted its holdings in Waterdrop by 1,198.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock valued at $1,524,000 after purchasing an additional 1,192,092 shares in the last quarter. Finally, IDG China Capital Fund III Associates L.P. acquired a new position in Waterdrop during the 4th quarter worth approximately $6,760,000. 1.96% of the stock is owned by institutional investors and hedge funds.

About Waterdrop

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.