S. Muoio & CO. LLC Continues to Hold Stake in Network-1 Technologies Inc (NTIP)
S. Muoio & CO. LLC maintained its position in Network-1 Technologies Inc (NYSE:NTIP) during the second quarter, Holdings Channel reports. The firm owned 566,908 shares of the company’s stock at the end of the second quarter. Network-1 Technologies makes up approximately 1.2% of S. Muoio & CO. LLC’s portfolio, making the stock its 29th largest position. S. Muoio & CO. LLC’s holdings in Network-1 Technologies were worth $2,409,000 as of its most recent filing with the SEC.
Separately, Acadian Asset Management LLC boosted its stake 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 worth $1,517,000 after buying an additional 160,489 shares in the last quarter.
Shares of Network-1 Technologies Inc (NYSE:NTIP) opened at 4.30 on Tuesday. The firm has a market capitalization of $104.61 million and a PE ratio of 5.05. The company’s 50-day moving average price is $4.10 and its 200-day moving average price is $4.25. 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 earnings results on Monday, August 14th. The company reported $0.06 earnings per share for the quarter. Network-1 Technologies had a return on equity of 16.84% and a net margin of 36.46%. The firm had revenue of $4.86 million during the quarter.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.05 per share. This represents a yield of 2.41%. The ex-dividend date is Wednesday, August 30th.
Network-1 Technologies declared that its Board of Directors has initiated a stock repurchase program on Friday, June 16th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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Network-1 Technologies Company Profile
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