Maguire Asset Management, LLC Has Stake in Novatel Wireless Inc (NVTL)

Maguire Asset Management, LLC

revealed that they own 6.5% of Novatel Wireless Inc (NASDAQ:NVTL) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, June 16th. The investor owns 3,654,922 shares of the stock worth approximately $9,356,600. The reporting parties listed on the disclosure included Maguire Financial, LP, Timothy Maguire Foundation, The Timothy J And Julia Maguire 2015 Family Trust and Maguire Asset Management, LLC. The filing is available through the SEC website at this hyperlink.

Maguire Asset Management, LLC

provided the following explanation of their ownership:

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About Novatel Wireless

Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.

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