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

Network-1 Technologies (NYSEAMERICAN:NTIP) issued its earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, FiscalAI reports.

Network-1 Technologies Price Performance

NYSEAMERICAN:NTIP remained flat at $1.60 during trading hours on Thursday. The company’s stock had a trading volume of 5,454 shares, compared to its average volume of 170,827. The company’s 50 day moving average is $1.57 and its 200 day moving average is $1.49. Network-1 Technologies has a 52 week low of $1.24 and a 52 week high of $1.75. The firm has a market cap of $36.58 million, a PE ratio of -13.33 and a beta of 0.13.

Network-1 Technologies Announces Dividend

The company also recently announced 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 dividend payout ratio (DPR) is currently -166.67%.

Institutional Investors Weigh In On Network-1 Technologies

Institutional investors have recently made changes to their positions in the company. Cannell Capital LLC acquired a new position in Network-1 Technologies in the second quarter worth $1,874,563. Canton Hathaway LLC increased its stake in Network-1 Technologies by 33.6% during the third quarter. Canton Hathaway LLC now owns 328,163 shares of the company’s stock valued at $525,000 after purchasing an additional 82,490 shares during the last quarter. Empowered Funds LLC bought a new stake in Network-1 Technologies during the second quarter valued at $143,000. Finally, BlackRock Inc. acquired a new stake in shares of Network-1 Technologies during the second quarter worth $73,000. 29.07% of the stock is currently owned by institutional investors.

Network-1 Technologies Company Profile

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.