Short Interest in Napco Security Technologies, Inc. (NASDAQ:NSSC) Expands By 32.0%

Napco Security Technologies, Inc. (NASDAQ:NSSC) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 3,050,000 shares, a growth of 32.0% from the February 28th total of 2,310,000 shares. Based on an average trading volume of 537,000 shares, the short-interest ratio is currently 5.7 days. Currently, 8.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NSSC shares. Needham & Company LLC cut their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, March 21st. Lake Street Capital dropped their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Finally, Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies currently has an average rating of “Hold” and an average target price of $35.50.

Napco Security Technologies Price Performance

NSSC stock traded down $0.35 during mid-day trading on Tuesday, reaching $22.67. The company had a trading volume of 377,519 shares, compared to its average volume of 492,907. The company has a market capitalization of $825.21 million, a PE ratio of 17.44 and a beta of 1.59. The firm has a 50 day moving average of $26.66 and a 200 day moving average of $34.04. Napco Security Technologies has a 12 month low of $22.36 and a 12 month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. Analysts anticipate that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. Napco Security Technologies’s dividend payout ratio is presently 38.46%.

Institutional Trading of Napco Security Technologies

Several hedge funds have recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in shares of Napco Security Technologies during the 4th quarter worth approximately $32,000. Caption Management LLC purchased a new position in Napco Security Technologies in the fourth quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Napco Security Technologies during the fourth quarter worth $53,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at $54,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Napco Security Technologies in the 4th quarter worth $63,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

About Napco Security Technologies

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.