Network-1 Technologies Inc (NYSE:NTIP) major shareholder Steven D. Heinemann sold 7,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $4.41, for a total transaction of $32,193.00. Following the sale, the insider now owns 585,233 shares in the company, valued at approximately $2,580,877.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Network-1 Technologies Inc (NYSE:NTIP) opened at 4.10 on Friday. Network-1 Technologies Inc has a 1-year low of $2.50 and a 1-year high of $5.05. The company has a market cap of $99.06 million and a PE ratio of 7.14. The firm’s 50-day moving average is $3.89 and its 200-day moving average is $4.22.
Network-1 Technologies (NYSE:NTIP) last released its quarterly earnings data on Monday, August 14th. The company reported $0.06 EPS for the quarter. Network-1 Technologies had a return on equity of 11.15% and a net margin of 31.76%. The business had revenue of $4.86 million for the quarter.
Network-1 Technologies announced that its board has approved a stock buyback program on Friday, June 16th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a yield of 2.41%.
A number of institutional investors have recently added to or reduced their stakes in NTIP. DRW Securities LLC purchased a new stake in Network-1 Technologies in the 2nd quarter worth approximately $170,000. Russell Investments Group Ltd. boosted its position in Network-1 Technologies by 9.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 49,804 shares of the company’s stock worth $212,000 after purchasing an additional 4,236 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Network-1 Technologies by 452.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 55,590 shares of the company’s stock worth $236,000 after purchasing an additional 45,520 shares in the last quarter. Seizert Capital Partners LLC boosted its position in Network-1 Technologies by 60.4% in the 2nd quarter. Seizert Capital Partners LLC now owns 106,213 shares of the company’s stock worth $451,000 after purchasing an additional 39,975 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Network-1 Technologies by 98.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 107,529 shares of the company’s stock worth $457,000 after purchasing an additional 53,229 shares in the last quarter.
Network-1 Technologies Company Profile
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