Rhumbline Advisers Cuts Position in Waterdrop Inc. (NYSE:WDH)

Rhumbline Advisers lowered its stake in shares of Waterdrop Inc. (NYSE:WDH) by 18.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,813 shares of the company’s stock after selling 16,295 shares during the period. Rhumbline Advisers’ holdings in Waterdrop were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Waterdrop Stock Up 1.7 %

WDH opened at $1.20 on Tuesday. Waterdrop Inc. has a one year low of $0.94 and a one year high of $1.53. The company has a market cap of $444.19 million, a price-to-earnings ratio of 20.00 and a beta of -0.28. The business’s fifty day moving average is $1.06 and its two-hundred day moving average is $1.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.07 and a current ratio of 4.07.

Waterdrop (NYSE:WDH) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.03 earnings per share (EPS) for the quarter. Waterdrop had a net margin of 9.71% and a return on equity of 5.67%. The company had revenue of $93.04 million for the quarter.

Waterdrop Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 11th will be issued a $0.016 dividend. The ex-dividend date is Friday, October 11th.

Waterdrop 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.