S. Muoio & CO. LLC Sells 48,541 Shares of Network-1 Technologies Inc (NTIP)

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S. Muoio & CO. LLC reduced its stake in Network-1 Technologies Inc (NYSEAMERICAN:NTIP) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 514,367 shares of the company’s stock after selling 48,541 shares during the period. S. Muoio & CO. LLC owned 2.16% of Network-1 Technologies worth $1,389,000 at the end of the most recent quarter.

Separately, Cannell Capital LLC boosted its position in shares of Network-1 Technologies by 18.8% in the 2nd quarter. Cannell Capital LLC now owns 651,723 shares of the company’s stock worth $2,020,000 after purchasing an additional 103,162 shares during the last quarter.

Network-1 Technologies stock traded down $0.01 during mid-day trading on Wednesday, hitting $2.65. 1,363 shares of the company’s stock were exchanged, compared to its average volume of 43,996. Network-1 Technologies Inc has a fifty-two week low of $2.25 and a fifty-two week high of $3.95.

Network-1 Technologies (NYSEAMERICAN:NTIP) last issued its quarterly earnings results on Monday, August 13th. The company reported ($0.02) EPS for the quarter. The company had revenue of $0.47 million for the quarter.

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Network-1 Technologies Profile

Network-1 Technologies, Inc develops, licenses, and protects intellectual property assets. The company owns 51 patents, including the remote power patent covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; and the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system.

See Also: Diversification Important in Investing

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Institutional Ownership by Quarter for Network-1 Technologies (NYSEAMERICAN:NTIP)

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