Newbridge Financial Services Group Inc. Grows Stake in NAPCO Security Technologies, Inc. $NSSC

Newbridge Financial Services Group Inc. grew its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 3,635.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,012 shares of the industrial products company’s stock after acquiring an additional 18,503 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in NAPCO Security Technologies were worth $564,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in NAPCO Security Technologies in the 1st quarter worth approximately $540,000. Bessemer Group Inc. boosted its stake in NAPCO Security Technologies by 13.6% during the 2nd quarter. Bessemer Group Inc. now owns 14,772 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 1,763 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NAPCO Security Technologies in the 2nd quarter worth $345,000. Emerald Mutual Fund Advisers Trust raised its stake in shares of NAPCO Security Technologies by 3.0% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 227,852 shares of the industrial products company’s stock worth $6,765,000 after purchasing an additional 6,678 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of NAPCO Security Technologies by 177.7% in the first quarter. Russell Investments Group Ltd. now owns 110,066 shares of the industrial products company’s stock worth $2,534,000 after purchasing an additional 70,427 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Insiders Place Their Bets

In other NAPCO Security Technologies news, SVP Stephen M. Spinelli sold 19,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the completion of the sale, the senior vice president owned 928 shares of the company’s stock, valued at approximately $37,352. The trade was a 95.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Stock Down 2.3%

Shares of NASDAQ:NSSC opened at $42.09 on Monday. The firm’s 50 day moving average price is $41.93 and its 200-day moving average price is $36.40. NAPCO Security Technologies, Inc. has a twelve month low of $19.00 and a twelve month high of $48.12. The stock has a market capitalization of $1.50 billion, a PE ratio of 34.22 and a beta of 1.47.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. NAPCO Security Technologies had a net margin of 23.76% and a return on equity of 26.09%. The company had revenue of $49.17 million during the quarter, compared to analyst estimates of $46.81 million. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.53%.

Wall Street Analyst Weigh In

Several research firms recently commented on NSSC. TD Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $43.00 to $50.00 in a research report on Tuesday, November 4th. Craig Hallum raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, August 26th. Lake Street Capital reiterated a “buy” rating and issued a $50.00 price target (up from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. Mizuho set a $48.00 price objective on shares of NAPCO Security Technologies and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Wall Street Zen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

NAPCO Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.