FNY Investment Advisers LLC Takes Position in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)

FNY Investment Advisers LLC purchased a new stake in shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 44,843 shares of the company’s stock, valued at approximately $58,000. FNY Investment Advisers LLC owned approximately 0.19% of Network-1 Technologies at the end of the most recent quarter.

Separately, Citadel Advisors LLC increased its stake in shares of Network-1 Technologies by 52.2% in the fourth quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock worth $42,000 after purchasing an additional 10,773 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Network-1 Technologies Stock Up 3.3%

Network-1 Technologies stock opened at $1.26 on Wednesday. The business has a 50-day simple moving average of $1.24. The company has a market capitalization of $28.79 million, a price-to-earnings ratio of -11.45 and a beta of 0.07. Network-1 Technologies, Inc. has a 52 week low of $1.17 and a 52 week high of $1.78.

Network-1 Technologies Profile

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.