Saybrook Capital NC Has $549,000 Holdings in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)

Saybrook Capital NC cut its holdings in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 412,652 shares of the company’s stock after selling 66,700 shares during the period. Saybrook Capital NC owned about 1.79% of Network-1 Technologies worth $549,000 at the end of the most recent quarter.

Separately, Round Rock Advisors LLC acquired a new position in Network-1 Technologies during the fourth quarter worth $163,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Network-1 Technologies Stock Performance

Shares of NTIP opened at $1.36 on Friday. The firm has a market cap of $31.22 million, a P/E ratio of -22.58 and a beta of 0.14. Network-1 Technologies, Inc. has a 1-year low of $1.22 and a 1-year high of $2.20.

Network-1 Technologies Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 7.1%. Network-1 Technologies’s dividend payout ratio (DPR) is -166.67%.

Network-1 Technologies Company Profile

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.