NQ Mobile Inc (ADR) (NQ): Insiders Aren’t Crazy About It

Page 1 of 2

NQ Mobile Inc (ADR) (NYSE:NQ) was in 14 hedge funds’ portfolio at the end of March. NQ investors should pay attention to an increase in enthusiasm from smart money lately. There were 7 hedge funds in our database with NQ holdings at the end of the previous quarter.

NQ Mobile Inc (ADR) (NYSE:NQ)In the financial world, there are a multitude of indicators shareholders can use to watch stocks. A couple of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best money managers can outperform the S&P 500 by a healthy amount (see just how much).

Equally as key, optimistic insider trading activity is a second way to parse down the world of equities. There are a number of stimuli for an executive to drop shares of his or her company, but just one, very simple reason why they would behave bullishly. Many academic studies have demonstrated the impressive potential of this strategy if “monkeys” know what to do (learn more here).

With all of this in mind, we’re going to take a glance at the latest action surrounding NQ Mobile Inc (ADR) (NYSE:NQ).

What does the smart money think about NQ Mobile Inc (ADR) (NYSE:NQ)?

At the end of the first quarter, a total of 14 of the hedge funds we track were long in this stock, a change of 100% from the previous quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes significantly.

Of the funds we track, P.A.W. CAPITAL PARTNERS, managed by Peter A. Wright, holds the biggest position in NQ Mobile Inc (ADR) (NYSE:NQ). P.A.W. CAPITAL PARTNERS has a $9.2 million position in the stock, comprising 6.7% of its 13F portfolio. Sitting at the No. 2 spot is Panayotis Takis Sparaggis of Alkeon Capital Management, with a $2.7 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedge funds that hold long positions include D. E. Shaw’s D E Shaw, SAC Subsidiary’s CR Intrinsic Investors and Jeffrey Vinik’s Vinik Asset Management.

As aggregate interest increased, specific money managers have jumped into NQ Mobile Inc (ADR) (NYSE:NQ) headfirst. CR Intrinsic Investors, managed by SAC Subsidiary, assembled the most outsized position in NQ Mobile Inc (ADR) (NYSE:NQ). CR Intrinsic Investors had 2.2 million invested in the company at the end of the quarter. Jeffrey Vinik’s Vinik Asset Management also initiated a $1.9 million position during the quarter. The other funds with new positions in the stock are Peter A. Wright’s P.A.W. CAPITAL PARTNERS, Mike Vranos’s Ellington, and Richard Driehaus’s Driehaus Capital.

How are insiders trading NQ Mobile Inc (ADR) (NYSE:NQ)?

Insider purchases made by high-level executives is at its handiest when the company in question has experienced transactions within the past half-year. Over the last half-year time frame, NQ Mobile Inc (ADR) (NYSE:NQ) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to NQ Mobile Inc (ADR) (NYSE:NQ). These stocks are SeaChange International (NASDAQ:SEAC), LogMeIn Inc (NASDAQ:LOGM), Qualys Inc (NASDAQ:QLYS), Responsys Inc (NASDAQ:MKTG), and Incontact Inc (NASDAQ:SAAS). This group of stocks are in the application software industry and their market caps are similar to NQ’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!