Network-1 Technologies, Inc. $NTIP Shares Sold by Saybrook Capital NC

Saybrook Capital NC decreased its stake in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 9.3% in the 2nd quarter, Holdings Channel reports. The firm owned 351,652 shares of the company’s stock after selling 36,000 shares during the quarter. Saybrook Capital NC’s holdings in Network-1 Technologies were worth $429,000 at the end of the most recent reporting period.

Separately, Round Rock Advisors LLC lifted its stake in shares of Network-1 Technologies by 171.7% in the first quarter. Round Rock Advisors LLC now owns 332,105 shares of the company’s stock valued at $432,000 after purchasing an additional 209,865 shares during the period. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Stock Down 0.2%

Shares of NYSEAMERICAN NTIP opened at $1.49 on Friday. Network-1 Technologies, Inc. has a 52 week low of $1.16 and a 52 week high of $1.90. The firm has a 50-day moving average price of $1.53 and a 200 day moving average price of $1.37. The stock has a market capitalization of $33.96 million, a price-to-earnings ratio of -14.90 and a beta of 0.18.

Network-1 Technologies Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 19th were paid a $0.05 dividend. The ex-dividend date was Friday, September 19th. This represents a dividend yield of 645.0%. Network-1 Technologies’s dividend payout ratio (DPR) is -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.