Network-1 Technologies Inc (NYSE:NTIP) major shareholder Steven D. Heinemann sold 20,791 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $4.31, for a total transaction of $89,609.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Network-1 Technologies Inc (NTIP) opened at 4.10 on Friday. The stock has a 50 day moving average of $3.89 and a 200-day moving average of $4.22. Network-1 Technologies Inc has a 1-year low of $2.50 and a 1-year high of $5.05. The firm has a market capitalization of $99.06 million and a P/E ratio of 7.14.
Network-1 Technologies (NYSE:NTIP) last issued its quarterly earnings results on Monday, August 14th. The company reported $0.06 earnings per share (EPS) for the quarter. Network-1 Technologies had a net margin of 31.76% and a return on equity of 11.15%. The firm had revenue of $4.86 million for the quarter.
The company also recently disclosed a semiannual dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, August 30th. This represents a dividend yield of 2.41%.
Network-1 Technologies declared that its board has authorized a stock repurchase program on Friday, June 16th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in shares of Network-1 Technologies by 81.7% during the 2nd quarter. Acadian Asset Management LLC now owns 356,987 shares of the company’s stock worth $1,517,000 after purchasing an additional 160,489 shares during the last quarter. Numeric Investors LLC boosted its holdings in shares of Network-1 Technologies by 107.5% during the 2nd quarter. Numeric Investors LLC now owns 1,137,952 shares of the company’s stock worth $4,836,000 after buying an additional 589,543 shares during the period. Seizert Capital Partners LLC boosted its holdings in shares of Network-1 Technologies by 60.4% during the 2nd quarter. Seizert Capital Partners LLC now owns 106,213 shares of the company’s stock worth $451,000 after buying an additional 39,975 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Network-1 Technologies by 9.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 49,804 shares of the company’s stock worth $212,000 after buying an additional 4,236 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of Network-1 Technologies during the 2nd quarter worth about $170,000.
Network-1 Technologies Company Profile
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