Emerald Advisers LLC Cuts Holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Emerald Advisers LLC trimmed its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 23.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 408,485 shares of the industrial products company's stock after selling 126,607 shares during the quarter. Emerald Advisers LLC owned about 1.12% of NAPCO Security Technologies worth $9,403,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NSSC. New Age Alpha Advisors LLC acquired a new position in shares of NAPCO Security Technologies during the fourth quarter valued at about $32,000. Caption Management LLC acquired a new position in shares of NAPCO Security Technologies during the fourth quarter valued at about $33,000. GAMMA Investing LLC grew its holdings in shares of NAPCO Security Technologies by 227.2% during the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock valued at $25,000 after buying an additional 768 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of NAPCO Security Technologies during the fourth quarter valued at about $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of NAPCO Security Technologies during the fourth quarter valued at about $54,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Stock Performance

NSSC stock traded down $0.35 during mid-day trading on Monday, hitting $30.51. The company had a trading volume of 32,057 shares, compared to its average volume of 496,258. The firm has a market cap of $1.09 billion, a PE ratio of 25.00 and a beta of 1.43. The stock's fifty day moving average price is $28.38 and its two-hundred day moving average price is $27.46. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $58.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $43.96 million during the quarter, compared to the consensus estimate of $45.11 million. NAPCO Security Technologies had a net margin of 25.00% and a return on equity of 26.14%. The company's revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. Equities analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, June 12th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Thursday, June 12th. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. NAPCO Security Technologies's payout ratio is currently 45.90%.

Wall Street Analyst Weigh In

NSSC has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of NAPCO Security Technologies in a research report on Thursday. They set an "outperform" rating and a $39.00 price target on the stock. Lake Street Capital set a $26.00 price target on shares of NAPCO Security Technologies in a research report on Monday, May 5th. DA Davidson set a $33.00 price target on shares of NAPCO Security Technologies and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, Needham & Company LLC dropped their price target on shares of NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, NAPCO Security Technologies has a consensus rating of "Hold" and a consensus price target of $30.83.

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.