GSA Capital Partners LLP Takes Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

GSA Capital Partners LLP purchased a new position in Napco Security Technologies, Inc. (NASDAQ:NSSC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,331 shares of the industrial products company’s stock, valued at approximately $863,000. GSA Capital Partners LLP owned 0.06% of Napco Security Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSSC. First Horizon Advisors Inc. boosted its holdings in shares of Napco Security Technologies by 810.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after buying an additional 470 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 723 shares during the period. Quarry LP boosted its stake in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 312 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Napco Security Technologies in the first quarter worth about $46,000. Finally, Bessemer Group Inc. bought a new position in shares of Napco Security Technologies during the first quarter valued at approximately $63,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NSSC has been the topic of a number of analyst reports. DA Davidson dropped their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC boosted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Thursday. TD Cowen dropped their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Lake Street Capital reduced their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.24% of the company’s stock.

Napco Security Technologies Stock Down 2.6 %

NSSC opened at $35.96 on Friday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.44 and a beta of 1.64. The firm has a 50 day moving average price of $39.08 and a 200-day moving average price of $46.50. Napco Security Technologies, Inc. has a twelve month low of $27.38 and a twelve month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. Napco Security Technologies’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. As a group, analysts expect that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

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.