Network-1 Technologies (NYSEAMERICAN:NTIP) Releases Earnings Results

Network-1 Technologies (NYSEAMERICAN:NTIP) issued its earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports.

Network-1 Technologies Price Performance

Shares of NTIP stock traded down $0.05 during trading hours on Thursday, hitting $1.48. The stock had a trading volume of 789 shares, compared to its average volume of 22,311. The stock has a market capitalization of $33.80 million, a price-to-earnings ratio of -14.83 and a beta of 0.18. Network-1 Technologies has a one year low of $1.16 and a one year high of $1.90. The stock’s 50-day moving average price is $1.55 and its two-hundred day moving average price is $1.39.

Network-1 Technologies Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 19th were issued a $0.05 dividend. This represents a dividend yield of 645.0%. The ex-dividend date of this dividend was Friday, September 19th. Network-1 Technologies’s payout ratio is -166.67%.

Institutional Trading of Network-1 Technologies

Several hedge funds have recently modified their holdings of NTIP. Clayton Partners LLC grew its holdings in shares of Network-1 Technologies by 1.4% in the first quarter. Clayton Partners LLC now owns 1,230,020 shares of the company’s stock valued at $1,599,000 after purchasing an additional 16,865 shares in the last quarter. Round Rock Advisors LLC raised its stake in Network-1 Technologies by 171.7% during the first quarter. Round Rock Advisors LLC now owns 332,105 shares of the company’s stock valued at $432,000 after purchasing an additional 209,865 shares in the last quarter. Finally, Canton Hathaway LLC lifted its position in Network-1 Technologies by 31.6% during the third quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock valued at $102,000 after purchasing an additional 16,400 shares during the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

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.