Waterdrop (NYSE:WDH) Stock Price Down 4.5% – Time to Sell?

Waterdrop Inc. (NYSE:WDH)’s share price dropped 4.5% during mid-day trading on Tuesday . The stock traded as low as $1.45 and last traded at $1.47. Approximately 43,070 shares changed hands during trading, a decline of 84% from the average daily volume of 272,685 shares. The stock had previously closed at $1.54.

Waterdrop Price Performance

The stock has a market capitalization of $538.59 million, a P/E ratio of 12.13 and a beta of -0.26. The stock’s 50-day simple moving average is $1.29 and its 200 day simple moving average is $1.20.

Waterdrop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Friday, April 11th. Waterdrop’s payout ratio is 7.14%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WDH. Catalina Capital Group LLC bought a new stake in shares of Waterdrop during the fourth quarter worth approximately $27,000. Jane Street Group LLC acquired a new stake in Waterdrop during the 4th quarter worth approximately $78,000. Baader Bank Aktiengesellschaft lifted its holdings in Waterdrop by 1,198.2% during the 4th 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 during the last quarter. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop in the 4th quarter valued at $6,760,000. 1.96% of the stock is owned by institutional investors.

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.