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

Waterdrop Inc. (NYSE:WDH) declared a — dividend on Tuesday, March 26th, Wall Street Journal reports. Investors of record on Friday, April 19th will be given a dividend of 0.032 per share on Friday, May 3rd. The ex-dividend date is Thursday, April 18th.

Waterdrop Stock Performance

WDH opened at $1.22 on Wednesday. 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 firm has a fifty day moving average price of $1.21 and a 200 day moving average price of $1.13. Waterdrop has a 1 year low of $0.94 and a 1 year high of $3.02. The stock has a market cap of $477.01 million, a P/E ratio of 24.40 and a beta of -0.33.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Waterdrop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund purchased a new stake in shares of Waterdrop during the first quarter worth $375,000. State Street Corp grew its holdings in shares of Waterdrop by 177.7% during the second 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. Cubist Systematic Strategies LLC purchased a new stake in shares of Waterdrop during the first quarter worth $234,000. Two Sigma Investments LP purchased a new stake in shares of Waterdrop during the first quarter worth $149,000. Finally, Sei Investments Co. purchased a new stake in shares of Waterdrop during the first quarter worth $141,000. 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.