Saybrook Capital NC Lowers Stake in Network-1 Technologies, Inc. $NTIP

Saybrook Capital NC reduced its holdings in shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 351,652 shares of the company’s stock after selling 36,000 shares during the period. Saybrook Capital NC owned approximately 1.54% of Network-1 Technologies worth $429,000 as of its most recent filing with the SEC.

Separately, Clayton Partners LLC grew its position in Network-1 Technologies by 1.4% during the 1st quarter. Clayton Partners LLC now owns 1,230,020 shares of the company’s stock worth $1,599,000 after purchasing an additional 16,865 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Stock Performance

Shares of Network-1 Technologies stock opened at $1.49 on Friday. The company has a market capitalization of $33.96 million, a P/E ratio of -14.90 and a beta of 0.18. The company’s fifty day moving average is $1.53 and its two-hundred day moving average is $1.37. Network-1 Technologies, Inc. has a 1 year low of $1.16 and a 1 year high of $1.90.

Network-1 Technologies Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a dividend yield of 645.0%. Network-1 Technologies’s payout ratio is presently -166.67%.

About Network-1 Technologies

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.