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 stock was sold at an average price of $4.27, for a total value of $46,543.00. Following the transaction, the insider now directly owns 585,233 shares in the company, valued at $2,498,944.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Network-1 Technologies Inc (NTIP) traded down 2.35% during trading on Wednesday, hitting $4.15. The company had a trading volume of 38,081 shares. The firm has a 50-day moving average of $3.86 and a 200 day moving average of $4.22. The company has a market capitalization of $100.26 million and a price-to-earnings ratio of 7.23. Network-1 Technologies Inc has a 12-month low of $2.50 and a 12-month high of $5.05.

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

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

Network-1 Technologies announced that its board has approved a share repurchase plan on Friday, June 16th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its holdings in Network-1 Technologies by 81.7% in the second quarter. Acadian Asset Management LLC now owns 356,987 shares of the company’s stock valued at $1,517,000 after purchasing an additional 160,489 shares during the last quarter. Numeric Investors LLC increased its holdings in shares of Network-1 Technologies by 107.5% in the second quarter. Numeric Investors LLC now owns 1,137,952 shares of the company’s stock worth $4,836,000 after acquiring an additional 589,543 shares in the last quarter. Seizert Capital Partners LLC increased its holdings in shares of 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 acquiring an additional 39,975 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of 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 acquiring an additional 4,236 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Network-1 Technologies in the second quarter worth about $170,000.

Network-1 Technologies Company Profile

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

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