Waterdrop Inc. (NYSE:WDH) Announces — Dividend of $0.03

Waterdrop Inc. (NYSE:WDH) announced a — dividend on Tuesday, March 26th, Wall Street Journal reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.032 per share on Friday, May 3rd. The ex-dividend date of this dividend is Thursday, April 18th.

Waterdrop Stock Performance

Shares of WDH opened at $1.30 on Thursday. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $508.29 million, a P/E ratio of 26.01 and a beta of -0.34. The firm’s fifty day simple moving average is $1.13 and its two-hundred day simple moving average is $1.12. Waterdrop has a 12 month low of $0.94 and a 12 month high of $3.20.

Hedge Funds Weigh In On Waterdrop

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Waterdrop in the 4th quarter worth about $33,000. Qube Research & Technologies Ltd acquired a new stake in shares of Waterdrop in the 3rd quarter worth about $29,000. Rhumbline Advisers increased its stake in Waterdrop by 22.5% in the 3rd quarter. Rhumbline Advisers now owns 97,134 shares of the company’s stock valued at $113,000 after buying an additional 17,855 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Waterdrop in the 2nd quarter valued at about $33,000. Finally, State Street Corp increased its stake in Waterdrop by 177.7% in the 2nd quarter. State Street Corp now owns 136,904 shares of the company’s stock valued at $285,000 after buying an additional 87,596 shares during the last quarter. Institutional investors own 1.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Waterdrop from a “d+” rating to a “c-” rating in a research report on Thursday, March 14th.

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.