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

Network-1 Technologies (NYSEAMERICAN:NTIP) posted its quarterly earnings data on Thursday. The company reported ($0.10) EPS for the quarter, FiscalAI reports.

Network-1 Technologies Stock Performance

Shares of NYSEAMERICAN NTIP remained flat at $1.60 during mid-day trading on Friday. 8,198 shares of the company were exchanged, compared to its average volume of 6,885. The stock has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $1.50. The stock has a market cap of $36.58 million, a PE ratio of -8.00 and a beta of 0.13. Network-1 Technologies has a 1 year low of $1.24 and a 1 year high of $1.75.

Network-1 Technologies Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 28th. Shareholders of record on Thursday, September 17th were issued a dividend of $0.05 per share. This represents a yield of 645.0%. The ex-dividend date of this dividend was Thursday, September 17th. Network-1 Technologies’s payout ratio is -166.67%.

Hedge Funds Weigh In On Network-1 Technologies

A number of institutional investors have recently modified their holdings of the business. Cannell Capital LLC purchased a new stake in shares of Network-1 Technologies in the second quarter valued at about $1,874,563. BlackRock Inc. purchased a new position in shares of Network-1 Technologies in the second quarter valued at $73,000. Empowered Funds LLC purchased a new position in Network-1 Technologies during the 2nd quarter valued at about $143,000. Finally, Canton Hathaway LLC grew its holdings in Network-1 Technologies by 33.6% during the 3rd quarter. Canton Hathaway LLC now owns 328,163 shares of the company’s stock valued at $525,000 after buying an additional 82,490 shares during the last quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

About Network-1 Technologies

Network-1 Technologies, Inc (NYSE American: NTIP) is an intellectual property company focused on acquiring, developing and licensing technology patents. Rather than operating as a conventional product manufacturer, the company seeks to generate revenue by monetizing patent rights through licensing agreements and related enforcement activities.

Network-1 has historically held patents covering technologies used in computer networking, communications and digital media. Its portfolio has included intellectual property relating to remote power-management systems for network devices, including technology associated with delivering power over Ethernet cabling, as well as patents involving digital content management and other information-technology applications.