Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Declares Dividend of $0.05

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) declared a dividend on Thursday, September 3rd. Shareholders of record on Thursday, September 17th will be paid a dividend of 0.05 per share on Monday, September 28th. This represents a dividend yield of 629.0%. The ex-dividend date of this dividend is Thursday, September 17th.

Network-1 Technologies Trading Up 3.9%

Shares of NTIP stock opened at $1.59 on Friday. Network-1 Technologies has a 1 year low of $1.24 and a 1 year high of $1.75. The firm’s 50 day moving average is $1.54 and its 200-day moving average is $1.49. The firm has a market capitalization of $36.35 million, a price-to-earnings ratio of -13.25 and a beta of 0.11.

Network-1 Technologies (NYSEAMERICAN:NTIP) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NTIP. Cannell Capital LLC bought a new position in Network-1 Technologies in the second quarter valued at approximately $1,874,563. Empowered Funds LLC bought a new position in shares of Network-1 Technologies in the 2nd quarter worth $143,000. BlackRock Inc. bought a new position in shares of Network-1 Technologies in the 2nd quarter worth $73,000. Canton Hathaway LLC grew its stake 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, Citadel Advisors LLC acquired a new stake in shares of Network-1 Technologies during the third quarter worth $34,000. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Company Profile

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.