Emerald Mutual Fund Advisers Trust Decreases Stock Holdings in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 38.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,174 shares of the industrial products company's stock after selling 139,448 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.61% of NAPCO Security Technologies worth $5,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. New Age Alpha Advisors LLC purchased a new position in shares of NAPCO Security Technologies in the 4th quarter worth approximately $32,000. Caption Management LLC bought a new stake in NAPCO Security Technologies in the fourth quarter worth $33,000. GAMMA Investing LLC boosted its stake in 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 worth $25,000 after buying an additional 768 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in NAPCO Security Technologies during the fourth quarter worth $53,000. Finally, Mpwm Advisory Solutions LLC bought a new position in NAPCO Security Technologies during the fourth quarter valued at $54,000. Institutional investors own 85.07% of the company's stock.

Analyst Ratings Changes

NSSC has been the subject of several analyst reports. DA Davidson set a $33.00 target price on shares of NAPCO Security Technologies and gave the stock a "buy" rating in a report on Wednesday, June 25th. Needham & Company LLC reduced their price objective 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. Mizuho assumed coverage on NAPCO Security Technologies in a research report on Thursday. They set an "outperform" rating and a $39.00 target price for the company. Finally, Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research report on Monday, May 5th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $30.83.

NAPCO Security Technologies Stock Performance

NAPCO Security Technologies stock traded down $0.79 during trading hours on Friday, hitting $30.86. The company had a trading volume of 456,955 shares, compared to its average volume of 500,378. The firm has a market cap of $1.10 billion, a P/E ratio of 25.30 and a beta of 1.43. The company has a 50-day moving average price of $28.38 and a two-hundred day moving average price of $27.58. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09.

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

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.81%. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.13. NAPCO Security Technologies's dividend payout ratio (DPR) is currently 45.90%.

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.