Waterdrop (NYSE:WDH) Shares Gap Up – Still a Buy?

Waterdrop Inc. (NYSE:WDH)’s stock price gapped up before the market opened 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 trading hands.

Waterdrop Price Performance

The stock has a market capitalization of $544.14 million, a PE ratio of 12.21 and a beta of -0.26. The firm has a fifty day moving average price of $1.28 and a two-hundred day moving average price of $1.20.

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 paid a $0.02 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a yield of 5.44%. Waterdrop’s payout ratio is 7.14%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Baader Bank Aktiengesellschaft grew its stake in Waterdrop by 1,198.2% in the 4th 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 in the last quarter. IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop during the 4th quarter valued at $6,760,000. Catalina Capital Group LLC purchased a new stake in shares of Waterdrop in the 4th quarter worth $27,000. Finally, Jane Street Group LLC bought a new position in shares of Waterdrop during the 4th quarter worth $78,000. 1.96% of the stock is currently owned by institutional investors.

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.