Network-1 Technologies Inc (NYSE:NTIP) EVP Jonathan M. Greene sold 7,053 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $4.00, for a total value of $28,212.00. Following the completion of the sale, the executive vice president now directly owns 29,459 shares in the company, valued at $117,836. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Network-1 Technologies Inc (NYSE NTIP) traded down 2.53% during midday trading on Friday, hitting $3.85. The stock had a trading volume of 85,995 shares. Network-1 Technologies Inc has a 1-year low of $2.50 and a 1-year high of $5.05. The company’s 50 day moving average price is $3.89 and its 200-day moving average price is $4.26. The firm has a market capitalization of $93.02 million and a PE ratio of 6.71.

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

Network-1 Technologies declared that its Board of Directors has approved a share buyback plan on Friday, June 16th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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

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Institutional investors and hedge funds have recently made changes to their positions in the stock. DRW Securities LLC acquired a new position in Network-1 Technologies in the 2nd quarter valued at about $170,000. Russell Investments Group Ltd. grew its stake in Network-1 Technologies by 9.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 49,804 shares of the company’s stock valued at $212,000 after buying an additional 4,236 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Network-1 Technologies by 452.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 55,590 shares of the company’s stock valued at $236,000 after buying an additional 45,520 shares during the last quarter. Seizert Capital Partners LLC grew its stake in Network-1 Technologies by 60.4% in the 2nd quarter. Seizert Capital Partners LLC now owns 106,213 shares of the company’s stock valued at $451,000 after buying an additional 39,975 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Network-1 Technologies by 98.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 107,529 shares of the company’s stock valued at $457,000 after buying an additional 53,229 shares during the last quarter.

About Network-1 Technologies

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