Network-1 Technologies (NYSEAMERICAN:NTIP) Trading Up 1.5% – Here’s Why

Shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) traded up 1.5% during mid-day trading on Wednesday . The company traded as high as $1.39 and last traded at $1.34. 12,590 shares traded hands during trading, a decline of 40% from the average session volume of 21,124 shares. The stock had previously closed at $1.32.

Network-1 Technologies Price Performance

The stock has a market capitalization of $31.56 million, a PE ratio of -22.83 and a beta of 0.10.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its earnings results on Thursday, October 24th. The company reported ($0.01) earnings per share for the quarter.

Network-1 Technologies Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.05 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Thursday, September 12th. Network-1 Technologies’s payout ratio is -166.67%.

Hedge Funds Weigh In On Network-1 Technologies

A hedge fund recently raised its stake in Network-1 Technologies stock. Clayton Partners LLC increased its position in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,529,032 shares of the company’s stock after buying an additional 21,246 shares during the quarter. Network-1 Technologies comprises approximately 2.2% of Clayton Partners LLC’s holdings, making the stock its 21st largest position. Clayton Partners LLC owned approximately 6.60% of Network-1 Technologies worth $2,722,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

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.