NQ Mobile Inc. (NQ) Stake Increased by Bank of Montreal Can
Bank of Montreal Can increased its position in NQ Mobile Inc. (NYSE:NQ) by 343.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,988 shares of the software maker’s stock after buying an additional 78,231 shares during the period. Bank of Montreal Can owned approximately 0.12% of NQ Mobile worth $343,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in NQ. Penserra Capital Management LLC boosted its stake in shares of NQ Mobile by 20.0% in the first quarter. Penserra Capital Management LLC now owns 27,253 shares of the software maker’s stock worth $113,000 after buying an additional 4,537 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in NQ Mobile during the first quarter valued at $131,000. Dimensional Fund Advisors LP acquired a new stake in NQ Mobile during the fourth quarter valued at $951,000. Fagan Associates Inc. boosted its stake in NQ Mobile by 7.9% in the first quarter. Fagan Associates Inc. now owns 24,885 shares of the software maker’s stock valued at $1,066,000 after buying an additional 1,825 shares in the last quarter. Finally, Hartwell J M Limited Partnership boosted its stake in NQ Mobile by 2.9% in the second quarter. Hartwell J M Limited Partnership now owns 359,000 shares of the software maker’s stock valued at $1,221,000 after buying an additional 10,000 shares in the last quarter. 7.53% of the stock is owned by hedge funds and other institutional investors.
NQ Mobile Inc. (NQ) traded down 0.30% during midday trading on Thursday, hitting $3.35. The stock had a trading volume of 360,188 shares. The firm’s market capitalization is $361.15 million. NQ Mobile Inc. has a 1-year low of $3.06 and a 1-year high of $4.40. The firm has a 50-day moving average price of $3.42 and a 200-day moving average price of $3.65.
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Several research firms have recently weighed in on NQ. BidaskClub raised NQ Mobile from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. ValuEngine raised NQ Mobile from a “sell” rating to a “hold” rating in a research report on Friday, July 28th.
About NQ Mobile
NQ Mobile Inc is a global provider of mobile Internet services. The Company provides a portfolio of offerings, including mobile game publishing platforms, mobile advertising platforms, mobile entertainment applications and platforms, mobile security and productivity applications, as well as other mobile applications.
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