Network-1 Technologies Inc (NTIP) Announces Quarterly Earnings Results
Network-1 Technologies Inc (NYSEAMERICAN:NTIP) announced its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Network-1 Technologies had a return on equity of 11.15% and a net margin of 31.76%.
Network-1 Technologies (NYSEAMERICAN:NTIP) remained flat at $$2.75 on Friday. The stock had a trading volume of 98,070 shares, compared to its average volume of 143,453. Network-1 Technologies has a 12-month low of $2.60 and a 12-month high of $5.05.
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In other news, major shareholder Steven D. Heinemann sold 10,900 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $4.27, for a total transaction of $46,543.00. Following the transaction, the insider now owns 585,233 shares of the company’s stock, valued at approximately $2,498,944.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Steven D. Heinemann sold 20,791 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $4.31, for a total value of $89,609.21. The disclosure for this sale can be found here. Insiders have sold a total of 53,200 shares of company stock valued at $226,473 over the last ninety days.
An institutional investor recently raised its position in Network-1 Technologies stock. Vanguard Group Inc. increased its stake in shares of Network-1 Technologies Inc (NYSEAMERICAN:NTIP) by 43.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 383,534 shares of the company’s stock after acquiring an additional 116,981 shares during the period. Vanguard Group Inc. owned 1.59% of Network-1 Technologies worth $1,630,000 as of its most recent filing with the SEC.
Network-1 Technologies Company Profile
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