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.
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
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.