Waterdrop (NYSE:WDH) Issues Quarterly Earnings Results

Waterdrop (NYSE:WDH) issued its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share (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

WDH opened at $1.42 on Tuesday. The stock has a market cap of $510.65 million, a P/E ratio of 6.74 and a beta of -0.18. The stock’s 50 day simple moving average is $1.58 and its 200 day simple moving average is $1.71. Waterdrop has a 1-year low of $1.29 and a 1-year high of $2.18.

Waterdrop Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, April 24th were issued a $0.03 dividend. The ex-dividend date was Friday, April 24th. This represents a dividend yield of 356.0%. Waterdrop’s dividend payout ratio is currently 23.81%.

Institutional Investors Weigh In On Waterdrop

A number of institutional investors and hedge funds have recently modified their holdings of the company. E Fund Management Co. Ltd. acquired a new stake in shares of Waterdrop in the 2nd quarter worth approximately $372,000. Invesco Ltd. acquired a new stake in Waterdrop during the 2nd quarter valued at $156,000. SmartHarvest Portfolios LLC acquired a new stake in Waterdrop during the 4th quarter valued at $86,000. NewEdge Advisors LLC acquired a new stake in Waterdrop during the 3rd quarter valued at $80,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Waterdrop by 184.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after buying an additional 25,510 shares during the last quarter. Institutional investors and hedge funds own 1.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WDH shares. Wall Street Zen raised Waterdrop from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Weiss Ratings raised Waterdrop from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2.00.

Waterdrop Company Profile

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.