Waterdrop (NYSE:WDH) Shares Gap Up After Dividend Announcement

Waterdrop Inc. (NYSE:WDH) shares gapped up prior to trading on Tuesday following a dividend announcement from the company. The stock had previously closed at $1.26, but opened at $1.32. Waterdrop shares last traded at $1.30, with a volume of 73,680 shares.

The newly announced dividend which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.032 dividend. The ex-dividend date is Thursday, April 18th.

Analyst Upgrades and Downgrades

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

Waterdrop Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.11 and a quick ratio of 4.11. The company has a 50-day moving average price of $1.13 and a two-hundred day moving average price of $1.12. The company has a market cap of $508.29 million, a PE ratio of 26.01 and a beta of -0.34.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Waterdrop during the fourth quarter valued at approximately $33,000. Qube Research & Technologies Ltd bought a new position in Waterdrop during the 3rd quarter valued at $29,000. Rhumbline Advisers lifted its position in shares of Waterdrop by 22.5% during the 3rd quarter. Rhumbline Advisers now owns 97,134 shares of the company’s stock valued at $113,000 after acquiring an additional 17,855 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Waterdrop in the second quarter valued at $33,000. Finally, State Street Corp lifted its holdings in shares of Waterdrop by 177.7% in the second quarter. State Street Corp now owns 136,904 shares of the company’s stock valued at $285,000 after purchasing an additional 87,596 shares in the last quarter. Institutional investors and hedge funds 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.