642,195 Shares in Weibo Co. (NASDAQ:WB) Purchased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC bought a new stake in shares of Weibo Co. (NASDAQ:WB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 642,195 shares of the information services provider's stock, valued at approximately $6,133,000. Quinn Opportunity Partners LLC owned 0.26% of Weibo at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Weibo during the 4th quarter worth about $11,274,000. Wellington Management Group LLP increased its holdings in shares of Weibo by 1,641.9% in the fourth quarter. Wellington Management Group LLP now owns 1,048,522 shares of the information services provider's stock worth $10,013,000 after acquiring an additional 988,327 shares in the last quarter. Invesco Ltd. grew its position in Weibo by 34.0% in the fourth quarter. Invesco Ltd. now owns 1,719,174 shares of the information services provider's stock valued at $16,418,000 after purchasing an additional 436,215 shares in the last quarter. E Fund Management Co. Ltd. increased its position in shares of Weibo by 1,003.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 458,206 shares of the information services provider's stock valued at $4,376,000 after acquiring an additional 416,690 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Weibo during the fourth quarter valued at approximately $3,773,000. Institutional investors own 68.77% of the company's stock.

Weibo Stock Down 2.5 %

Shares of Weibo stock traded down $0.19 on Wednesday, reaching $7.52. 1,410,625 shares of the company were exchanged, compared to its average volume of 1,717,800. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 5.15 and a beta of 0.12. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. Weibo Co. has a one year low of $7.03 and a one year high of $12.40. The company has a 50-day moving average of $9.91 and a 200 day moving average of $9.70.

Weibo Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be given a $0.82 dividend. This represents a dividend yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo's dividend payout ratio (DPR) is presently 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.