NAPCO Security Technologies, Inc. $NSSC Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 510.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,768 shares of the industrial products company’s stock after purchasing an additional 28,235 shares during the quarter. GSA Capital Partners LLP’s holdings in NAPCO Security Technologies were worth $1,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC acquired a new stake in shares of NAPCO Security Technologies in the third quarter valued at approximately $25,000. Maseco LLP acquired a new stake in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $25,000. IFP Advisors Inc boosted its holdings in shares of NAPCO Security Technologies by 193.3% in the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 377 shares during the period. State of Wyoming acquired a new stake in shares of NAPCO Security Technologies in the third quarter valued at approximately $41,000. Finally, Advisory Services Network LLC acquired a new stake in shares of NAPCO Security Technologies in the third quarter valued at approximately $41,000. 85.07% of the stock is owned by institutional investors and hedge funds.

NAPCO Security Technologies Price Performance

Shares of NASDAQ NSSC opened at $36.72 on Thursday. The stock has a fifty day moving average price of $41.81 and a 200 day moving average price of $41.77. NAPCO Security Technologies, Inc. has a 1-year low of $26.44 and a 1-year high of $48.12. The company has a market cap of $1.31 billion, a PE ratio of 35.31 and a beta of 1.54.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The firm had revenue of $49.17 million during the quarter, compared to the consensus estimate of $49.26 million. During the same period last year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts anticipate that NAPCO Security Technologies, Inc. will post 1.48 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, June 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 57.69%.

Insider Buying and Selling at NAPCO Security Technologies

In related news, CEO Richard Soloway sold 129,682 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the sale, the chief executive officer directly owned 1,152,276 shares of the company’s stock, valued at $51,840,897.24. This trade represents a 10.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NSSC has been the subject of several research analyst reports. Weiss Ratings downgraded NAPCO Security Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. DA Davidson reissued a “buy” rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. TD Cowen reissued a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.67.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.