Dimensional Fund Advisors LP Sells 12,096 Shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)

Dimensional Fund Advisors LP cut its position in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 357,629 shares of the company’s stock after selling 12,096 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.55% of Network-1 Technologies worth $476,000 at the end of the most recent reporting period.

Separately, Round Rock Advisors LLC acquired a new position in shares of Network-1 Technologies during the fourth quarter valued at about $163,000. 29.07% of the stock is owned by institutional investors and hedge funds.

Network-1 Technologies Trading Down 5.4%

Shares of NYSEAMERICAN:NTIP opened at $1.23 on Friday. Network-1 Technologies, Inc. has a twelve month low of $1.17 and a twelve month high of $1.86. The stock has a 50 day simple moving average of $1.27. The firm has a market cap of $28.34 million, a P/E ratio of -20.50 and a beta of 0.14.

Network-1 Technologies Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 7.1%. Network-1 Technologies’s dividend payout ratio (DPR) is presently -166.67%.

Network-1 Technologies Profile

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.