Network-1 Technologies Inc (NTIP) Major Shareholder Steven D. Heinemann Sells 20,791 Shares

Network-1 Technologies Inc (NYSE:NTIP) major shareholder Steven D. Heinemann sold 20,791 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $4.31, for a total transaction of $89,609.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Network-1 Technologies (NYSE:NTIP) last announced its quarterly earnings results on Monday, August 14th. The company reported $0.06 earnings per share for the quarter. Network-1 Technologies had a net margin of 31.76% and a return on equity of 11.15%. The company had revenue of $4.86 million for the quarter.

Network-1 Technologies announced that its Board of Directors has authorized a stock repurchase program on Friday, June 16th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a semiannual dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 1st were given a $0.05 dividend. This represents a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, August 30th.

WARNING: This story was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://www.com-unik.info/2017/10/12/network-1-technologies-inc-ntip-major-shareholder-steven-d-heinemann-sells-20791-shares.html.

A number of institutional investors and hedge funds have recently made changes to their positions in NTIP. DRW Securities LLC bought a new stake in Network-1 Technologies in the second quarter worth $170,000. Russell Investments Group Ltd. increased 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 worth $212,000 after purchasing an additional 4,236 shares during the last quarter. Goldman Sachs Group Inc. increased 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 worth $236,000 after purchasing an additional 45,520 shares during the last quarter. Seizert Capital Partners LLC increased 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 worth $451,000 after purchasing an additional 39,975 shares during the last quarter. Finally, JPMorgan Chase & Co. increased 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 worth $457,000 after purchasing an additional 53,229 shares during the last quarter.

Network-1 Technologies Company Profile

Insider Buying and Selling by Quarter for Network-1 Technologies (NYSE:NTIP)

What are top analysts saying about Network-1 Technologies Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Network-1 Technologies Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit