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

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

Network-1 Technologies Stock Down 1.3%

Shares of NYSEAMERICAN:NTIP traded down $0.02 on Friday, reaching $1.47. 107,728 shares of the company’s stock were exchanged, compared to its average volume of 375,553. The firm has a market capitalization of $33.50 million, a price-to-earnings ratio of -13.36 and a beta of 0.12. Network-1 Technologies has a fifty-two week low of $1.16 and a fifty-two week high of $1.90. The business’s 50-day moving average is $1.46 and its two-hundred day moving average is $1.42.

Network-1 Technologies Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were issued a dividend of $0.05 per share. This represents a dividend yield of 690.0%. The ex-dividend date of this dividend was Monday, March 16th. Network-1 Technologies’s dividend payout ratio is -166.67%.

Institutional Trading of Network-1 Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies during the third quarter worth $25,000. Northern Financial Advisors Inc acquired a new stake in shares of Network-1 Technologies during the third quarter worth $29,000. Citadel Advisors LLC acquired a new stake in shares of Network-1 Technologies during the third quarter worth $34,000. Canton Hathaway LLC raised its holdings in shares of Network-1 Technologies by 311.1% during the first quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after purchasing an additional 212,447 shares during the period. Finally, Cannell Capital LLC raised its holdings in shares of Network-1 Technologies by 191.4% during the third quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after purchasing an additional 702,833 shares during the period. 29.07% of the stock is owned by institutional investors and hedge funds.

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.