Quinn Opportunity Partners LLC Makes New $6.13 Million Investment in Weibo Co. (NASDAQ:WB)

Quinn Opportunity Partners LLC purchased a new position in Weibo Co. (NASDAQ:WB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 642,195 shares of the information services provider’s stock, valued at approximately $6,133,000.

A number of other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock worth $27,000 after buying an additional 1,642 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Weibo in the fourth quarter worth approximately $70,000. PARUS FINANCE UK Ltd purchased a new stake in Weibo in the fourth quarter valued at approximately $99,000. Virtu Financial LLC bought a new stake in Weibo during the fourth quarter valued at approximately $117,000. Finally, Aigen Investment Management LP purchased a new position in Weibo in the 4th quarter worth approximately $167,000. 68.77% of the stock is currently owned by institutional investors.

Weibo Stock Performance

Weibo stock opened at $7.34 on Friday. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. The firm’s fifty day moving average price is $10.08 and its 200-day moving average price is $9.74. The stock has a market cap of $1.78 billion, a P/E ratio of 5.03 and a beta of 0.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.

Weibo Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.82 per share. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo’s dividend payout ratio (DPR) is currently 68.97%.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.