Network-1 Technologies Inc (NYSE:NTIP) major shareholder Steven D. Heinemann sold 10,900 shares of Network-1 Technologies stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $4.27, for a total value of $46,543.00. Following the completion of the transaction, the insider now directly owns 585,233 shares of the company’s stock, valued at $2,498,944.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Network-1 Technologies (NYSE:NTIP) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.06 earnings per share 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 during the quarter.
The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 1st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a dividend yield of 2.41%.
Network-1 Technologies declared that its board has approved a stock repurchase plan on Friday, June 16th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Institutional investors have recently bought and sold shares of the business. DRW Securities LLC bought a new position in Network-1 Technologies in the second quarter valued at about $170,000. Russell Investments Group Ltd. raised its position in Network-1 Technologies by 9.3% in the second quarter. Russell Investments Group Ltd. now owns 49,804 shares of the company’s stock valued at $212,000 after purchasing an additional 4,236 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Network-1 Technologies by 452.0% in the second quarter. Goldman Sachs Group Inc. now owns 55,590 shares of the company’s stock valued at $236,000 after purchasing an additional 45,520 shares during the last quarter. Seizert Capital Partners LLC raised its position in Network-1 Technologies by 60.4% in the second quarter. Seizert Capital Partners LLC now owns 106,213 shares of the company’s stock valued at $451,000 after purchasing an additional 39,975 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Network-1 Technologies by 98.0% in the second quarter. JPMorgan Chase & Co. now owns 107,529 shares of the company’s stock valued at $457,000 after purchasing an additional 53,229 shares during the last quarter.
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