Oberweis Sells NQ Mobile (NQ) Stake as Valiant Adds Shares

Oberweis Sells NQ Mobile Stake as Valiant Adds Shares

By Ye Xie and Belinda Cao

Source: Bloomberg

Oberweis Asset Management Inc., once the second-largest investor in NQ Mobile, sold its entire 1.3 million-share stake in the third quarter, according to a filing with regulators last week. Valiant Capital Management LP, a hedge fund founded by Chris Hansen, bought 2 million shares in the same period, representing 3.9 percent of the company’s U.S.-traded stock, according to a filing Nov. 12.

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