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

Waterdrop Inc. (NYSE:WDH) declared a — dividend on Tuesday, March 26th, Wall Street Journal reports. Stockholders 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 Stock Down 1.6 %

NYSE WDH opened at $1.23 on Tuesday. The company has a quick ratio of 4.11, a current ratio of 3.96 and a debt-to-equity ratio of 0.01. Waterdrop has a 52 week low of $0.94 and a 52 week high of $3.02. The firm has a market capitalization of $480.92 million, a price-to-earnings ratio of 24.60 and a beta of -0.33. The company has a fifty day moving average of $1.20 and a two-hundred day moving average of $1.13.

Hedge Funds Weigh In On Waterdrop

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Waterdrop in the 4th quarter worth about $33,000. Qube Research & Technologies Ltd bought a new position in Waterdrop in the 3rd quarter worth about $29,000. Rhumbline Advisers increased its position in shares of Waterdrop by 22.5% during the third 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 purchased a new stake in shares of Waterdrop in the second quarter valued at approximately $33,000. Finally, State Street Corp grew its position in shares of Waterdrop by 177.7% during 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 in the last quarter. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.