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

Waterdrop Inc. (NYSE:WDH) declared a — dividend on Wednesday, March 27th, Wall Street Journal reports. Shareholders of record on Friday, April 19th will be given a dividend of 0.032 per share on Friday, May 3rd. The ex-dividend date of this dividend is Thursday, April 18th.

Waterdrop Price Performance

Shares of NYSE WDH traded down $0.01 during mid-day trading on Wednesday, reaching $1.28. The company had a trading volume of 421,202 shares, compared to its average volume of 242,017. The company has a 50-day moving average price of $1.12 and a two-hundred day moving average price of $1.12. The stock has a market cap of $500.47 million, a PE ratio of 18.29 and a beta of -0.34. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.01. Waterdrop has a 1-year low of $0.94 and a 1-year high of $3.20.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Waterdrop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Waterdrop during the 4th quarter valued at $33,000. Qube Research & Technologies Ltd purchased a new stake in Waterdrop in the 3rd quarter worth about $29,000. Rhumbline Advisers boosted its position in Waterdrop by 22.5% during the 3rd quarter. Rhumbline Advisers now owns 97,134 shares of the company’s stock worth $113,000 after acquiring an additional 17,855 shares during the period. Two Sigma Securities LLC acquired a new stake in Waterdrop during the 2nd quarter worth about $33,000. Finally, State Street Corp grew its stake in Waterdrop by 177.7% during the 2nd quarter. State Street Corp now owns 136,904 shares of the company’s stock valued at $285,000 after acquiring 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.