Waterdrop (NYSE:WDH) Reaches New 1-Year High – Should You Buy?

Waterdrop Inc. (NYSE:WDH)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $1.57 and last traded at $1.49, with a volume of 169379 shares traded. The stock had previously closed at $1.50.

Waterdrop Price Performance

The stock has a fifty day moving average price of $1.24 and a 200 day moving average price of $1.17. The stock has a market capitalization of $541.18 million, a P/E ratio of 12.33 and a beta of -0.26.

Waterdrop (NYSE:WDH) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.05 earnings per share (EPS) for the quarter. Waterdrop had a return on equity of 7.02% and a net margin of 11.69%.

Waterdrop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.08 dividend on an annualized basis and a yield of 5.47%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Catalina Capital Group LLC purchased a new position in shares of Waterdrop in the fourth quarter worth about $27,000. Jane Street Group LLC purchased a new position in shares of Waterdrop in the fourth quarter worth about $78,000. Baader Bank Aktiengesellschaft increased its holdings in shares of Waterdrop by 1,198.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock worth $1,524,000 after buying an additional 1,192,092 shares during the period. Finally, IDG China Capital Fund III Associates L.P. purchased a new position in shares of Waterdrop in the fourth quarter worth about $6,760,000. Hedge funds and other institutional investors 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.