Waterdrop (NYSE:WDH) Sees Large Volume Increase – Still a Buy?

Shares of Waterdrop Inc. (NYSE:WDH) saw strong trading volume on Monday . 1,970,145 shares were traded during trading, an increase of 611% from the previous session’s volume of 276,913 shares.The stock last traded at $1.37 and had previously closed at $1.30.

Waterdrop Stock Performance

The company has a market cap of $549.69 million, a PE ratio of 12.38 and a beta of -0.26. The company’s 50 day moving average price is $1.30 and its 200-day moving average price is $1.20.

Waterdrop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Friday, April 11th. Waterdrop’s dividend payout ratio is currently 21.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WDH. Catalina Capital Group LLC bought a new stake in Waterdrop in the 4th quarter valued at about $27,000. Jane Street Group LLC purchased a new position in shares of Waterdrop in the fourth quarter worth about $78,000. 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 in the last quarter. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop during the 4th quarter valued at $6,760,000. Hedge funds and other 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.