Waterdrop (NYSE:WDH) Shares Gap Down to $1.29

Shares of Waterdrop Inc. (NYSE:WDH) gapped down prior to trading on Wednesday . The stock had previously closed at $1.29, but opened at $1.24. Waterdrop shares last traded at $1.29, with a volume of 318,867 shares trading hands.

Wall Street Analyst Weigh In

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

Waterdrop Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.96 and a quick ratio of 4.11. The stock has a market cap of $504.38 million, a PE ratio of 25.81 and a beta of -0.34. The company has a 50-day simple moving average of $1.14 and a 200-day simple moving average of $1.13.

Waterdrop Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a $0.032 dividend. The ex-dividend date is Thursday, April 18th.

Institutional Trading of Waterdrop

A number of large investors have recently made changes to their positions in the stock. Morgan Stanley boosted its stake in Waterdrop by 0.5% in the 4th quarter. Morgan Stanley now owns 3,164,998 shares of the company’s stock worth $10,539,000 after buying an additional 14,182 shares during the last quarter. State Street Corp boosted its stake in Waterdrop by 177.7% in the 2nd quarter. State Street Corp now owns 136,904 shares of the company’s stock worth $285,000 after buying an additional 87,596 shares during the last quarter. New York State Common Retirement Fund purchased a new position in shares of Waterdrop in the 1st quarter worth about $375,000. Rhumbline Advisers raised its holdings in shares of Waterdrop by 22.5% in the 3rd quarter. Rhumbline Advisers now owns 97,134 shares of the company’s stock worth $113,000 after purchasing an additional 17,855 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Waterdrop in the 1st quarter worth about $234,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

About Waterdrop

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.