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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP – Get Free Report) declared a dividend on Thursday, September 3rd. Investors of record on Thursday, September 17th will be given 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 Stock Up 3.9%

Shares of NYSEAMERICAN:NTIP opened at $1.59 on Friday. The company’s 50 day moving average price is $1.54 and its two-hundred day moving average price is $1.49. Network-1 Technologies has a 12-month low of $1.24 and a 12-month high of $1.75. The firm has a market cap of $36.35 million, a PE ratio of -13.25 and a beta of 0.11.

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

Hedge Funds Weigh In On Network-1 Technologies

A number of institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in Network-1 Technologies during the 3rd quarter worth approximately $25,000. Citadel Advisors LLC acquired a new position in shares of Network-1 Technologies in the third quarter worth approximately $34,000. BlackRock Inc. bought a new stake in shares of Network-1 Technologies in the 2nd quarter valued at $73,000. Empowered Funds LLC bought a new stake in Network-1 Technologies during the second quarter valued at $143,000. Finally, Canton Hathaway LLC boosted its position in shares of Network-1 Technologies by 311.1% during the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock valued at $404,000 after purchasing an additional 212,447 shares in the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

Network-1 Technologies Company Profile

(Get Free Report)

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.

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