Waterdrop (NYSE:WDH) Announces Earnings Results

Waterdrop (NYSE:WDH) announced its earnings results on Tuesday. The company reported $0.04 EPS for the quarter, Zacks reports. Waterdrop had a return on equity of 11.34% and a net margin of 14.28%.

Waterdrop Price Performance

Shares of Waterdrop stock opened at $1.42 on Tuesday. The company has a market capitalization of $510.65 million, a PE ratio of 6.74 and a beta of -0.18. Waterdrop has a 1-year low of $1.29 and a 1-year high of $2.18. The business has a 50-day moving average of $1.58 and a 200-day moving average of $1.71.

Waterdrop Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, April 24th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, April 24th. This represents a dividend yield of 356.0%. Waterdrop’s dividend payout ratio (DPR) is currently 23.81%.

Hedge Funds Weigh In On Waterdrop

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. E Fund Management Co. Ltd. acquired a new position in Waterdrop in the second quarter valued at approximately $372,000. Invesco Ltd. bought a new stake in Waterdrop during the second quarter worth approximately $156,000. SmartHarvest Portfolios LLC acquired a new position in Waterdrop in the fourth quarter worth approximately $86,000. NewEdge Advisors LLC acquired a new position in Waterdrop in the third quarter worth approximately $80,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Waterdrop by 184.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock worth $74,000 after buying an additional 25,510 shares during the last quarter. 1.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on WDH. Wall Street Zen upgraded Waterdrop from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Weiss Ratings upgraded Waterdrop from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.00.

About Waterdrop

Waterdrop Inc (NYSE: WDH) is a China-based insurtech and health protection platform that leverages digital technology to connect consumers with insurance and healthcare services. Through its mobile app and online marketplace, Waterdrop offers a range of microinsurance and critical illness products designed to provide affordable coverage for everyday risks. The platform also features crowdfunding channels that enable users to contribute to medical expense relief for individuals facing serious health challenges.

Since its founding in 2016 and headquartered in Shanghai, Waterdrop has grown its partner network to include leading insurance carriers and medical institutions across mainland China.