Network-1 Technologies Inc (NTIP) to Issue Semiannual Dividend of $0.05 on September 20th
Network-1 Technologies Inc (NYSE:NTIP) announced a semiannual dividend on Thursday, July 27th, Wall Street Journal reports. Investors of record on Friday, September 1st will be given a dividend of 0.05 per share on Wednesday, September 20th. This represents a yield of 2.41%. The ex-dividend date is Wednesday, August 30th.
Shares of Network-1 Technologies (NYSE NTIP) opened at 3.75 on Friday. The company has a market cap of $90.60 million and a price-to-earnings ratio of 6.53. Network-1 Technologies has a 1-year low of $2.50 and a 1-year high of $5.05. The company’s 50-day moving average price is $4.05 and its 200 day moving average price is $4.24.
Network-1 Technologies (NYSE:NTIP) last released its earnings results on Monday, August 14th. The company reported $0.06 EPS for the quarter. The business had revenue of $4.86 million during the quarter. Network-1 Technologies had a net margin of 36.46% and a return on equity of 16.84%.
Network-1 Technologies announced that its board has approved a share repurchase program on Friday, June 16th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
A hedge fund recently raised its stake in Network-1 Technologies stock. Vanguard Group Inc. raised its position in Network-1 Technologies Inc (NYSE:NTIP) by 43.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,534 shares of the company’s stock after buying an additional 116,981 shares during the period. Vanguard Group Inc. owned about 1.59% of Network-1 Technologies worth $1,630,000 as of its most recent SEC filing.
About Network-1 Technologies
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