Network-1 Technologies Inc Declares Semiannual Dividend of $0.05 (NTIP)

Network-1 Technologies Inc (NYSEAMERICAN:NTIP) declared a semiannual dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.05 per share on Friday, March 23rd. This represents a dividend yield of 3.77%. The ex-dividend date is Thursday, March 8th.

Shares of Network-1 Technologies (NYSEAMERICAN:NTIP) remained flat at $$2.65 during midday trading on Monday. The company had a trading volume of 24,632 shares, compared to its average volume of 114,242. The stock has a market cap of $63.95, a P/E ratio of 14.72 and a beta of 0.35. Network-1 Technologies has a 1 year low of $2.25 and a 1 year high of $5.05.

Network-1 Technologies (NYSEAMERICAN:NTIP) last issued its earnings results on Wednesday, November 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $3.24 million for the quarter. Network-1 Technologies had a net margin of 20.02% and a return on equity of 4.67%.

In related news, major shareholder Steven D. Heinemann sold 200,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $2.60, for a total transaction of $520,000.00. Following the transaction, the insider now owns 585,233 shares in the company, valued at $1,521,605.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in Network-1 Technologies stock. Vanguard Group Inc. boosted its stake in shares of Network-1 Technologies Inc (NYSEAMERICAN:NTIP) by 43.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 383,534 shares of the company’s stock after acquiring an additional 116,981 shares during the period. Vanguard Group Inc. owned 1.59% of Network-1 Technologies worth $1,630,000 at the end of the most recent quarter.

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About Network-1 Technologies

Network-1 Technologies, Inc is engaged in the development, licensing and protection of its property assets. The Company owns over 27 patents, including the remote power patent (Remote Power Patent) covering the delivery of power over Ethernet (PoE) cables for the purpose of remotely powering network devices, such as wireless access ports, Internet protocol (IP) phones and network based cameras; the Mirror Worlds patent portfolio (the Mirror Worlds Patent Portfolio) relating to foundational technologies that enable unified search and indexing, displaying and archiving of documents in a computer system; the Cox patent portfolio (the Cox Patent Portfolio) relating to enabling technology for identifying media content on the Internet, and the QoS patents (the QoS Patents) covering systems and methods for the transmission of audio, video and data in order to achieve high quality of service (QoS) over computer and telephony networks.

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