Boundless Plain Holdings Ltd Acquires New Holdings in Waterdrop Inc. Unsponsored ADR $WDH

Boundless Plain Holdings Ltd acquired a new stake in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,545,362 shares of the company’s stock, valued at approximately $21,936,000. Waterdrop accounts for about 7.0% of Boundless Plain Holdings Ltd’s portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. E Fund Management Co. Ltd. bought a new position in Waterdrop in the 2nd quarter valued at approximately $372,000. Invesco Ltd. bought a new position in Waterdrop in the 2nd quarter valued at approximately $156,000. GSA Capital Partners LLP lifted its stake in Waterdrop by 91.0% in the 3rd quarter. GSA Capital Partners LLP now owns 46,065 shares of the company’s stock valued at $87,000 after purchasing an additional 21,953 shares during the last quarter. NewEdge Advisors LLC bought a new position in Waterdrop in the 3rd quarter valued at approximately $80,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Waterdrop by 184.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 39,372 shares of the company’s stock valued at $74,000 after purchasing an additional 25,510 shares during the last quarter. Institutional investors own 1.96% of the company’s stock.

Analysts Set New Price Targets

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

Waterdrop Stock Performance

WDH stock opened at $1.45 on Friday. The company has a fifty day moving average price of $1.64 and a 200-day moving average price of $1.73. The company has a market capitalization of $522.56 million, a P/E ratio of 6.90 and a beta of -0.16. Waterdrop Inc. Unsponsored ADR has a 52-week low of $1.29 and a 52-week high of $2.18.

Waterdrop (NYSE:WDH) last released its quarterly earnings results on Thursday, March 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $201.71 million during the quarter, compared to the consensus estimate of $117.69 million. Waterdrop had a net margin of 14.28% and a return on equity of 11.34%.

Waterdrop Announces Dividend

The firm also recently declared 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 of this dividend was Friday, April 24th. This represents a dividend yield of 356.0%. Waterdrop’s dividend payout ratio (DPR) is presently 19.05%.

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.