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

Network-1 Technologies (NYSEAMERICAN:NTIP) released its quarterly earnings data on Friday. The company reported ($0.05) EPS for the quarter, FiscalAI reports.

Network-1 Technologies Price Performance

NTIP remained flat at $1.49 during mid-day trading on Friday. 7,808 shares of the company’s stock traded hands, compared to its average volume of 35,412. The business’s fifty day simple moving average is $1.38 and its two-hundred day simple moving average is $1.44. The firm has a market cap of $34.00 million, a price-to-earnings ratio of -13.55 and a beta of 0.13. Network-1 Technologies has a 12 month low of $1.16 and a 12 month high of $1.90.

Network-1 Technologies Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.05 dividend. The ex-dividend date is Monday, March 16th. This represents a yield of 675.0%. Network-1 Technologies’s dividend payout ratio (DPR) is -166.67%.

Institutional Trading of Network-1 Technologies

A number of large investors have recently made changes to their positions in the company. Canton Hathaway LLC increased its holdings in shares of Network-1 Technologies by 31.6% in the third quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock worth $102,000 after acquiring an additional 16,400 shares in the last quarter. Northern Financial Advisors Inc acquired a new position in shares of Network-1 Technologies in the 3rd quarter valued at approximately $29,000. Virtu Financial LLC bought a new stake in Network-1 Technologies during the 3rd quarter worth approximately $25,000. Cannell Capital LLC raised its holdings in Network-1 Technologies by 191.4% during the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after buying an additional 702,833 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Network-1 Technologies during the 3rd quarter worth approximately $34,000. Institutional investors own 29.07% of the company’s stock.

About Network-1 Technologies

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.