Network-1 Technologies (NYSEAMERICAN:NTIP) Trading Up 1.5% – Still a Buy?

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

Network-1 Technologies Price Performance

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

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

Network-1 Technologies Dividend Announcement

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Network-1 Technologies stock. Renaissance Technologies LLC grew its position in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 564,644 shares of the company’s stock after purchasing an additional 22,000 shares during the period. Renaissance Technologies LLC owned about 2.44% of Network-1 Technologies worth $1,005,000 as of its most recent filing with the SEC. 29.07% of the stock is owned by institutional investors.

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.