Emerald Mutual Fund Advisers Trust Sells 139,448 Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Emerald Mutual Fund Advisers Trust cut its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 approximately 0.61% of NAPCO Security Technologies worth $5,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of NSSC. Corient Private Wealth LLC increased its position in shares of NAPCO Security Technologies by 102.4% in the fourth quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company's stock worth $644,000 after purchasing an additional 768,629 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of NAPCO Security Technologies by 1,221.7% in the 4th quarter. Point72 Asset Management L.P. now owns 638,173 shares of the industrial products company's stock worth $22,693,000 after acquiring an additional 589,888 shares in the last quarter. Copeland Capital Management LLC boosted its stake in NAPCO Security Technologies by 25.1% during the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company's stock worth $34,390,000 after acquiring an additional 299,305 shares in the last quarter. Wellington Management Group LLP bought a new stake in NAPCO Security Technologies in the fourth quarter worth $10,427,000. Finally, JPMorgan Chase & Co. grew its position in NAPCO Security Technologies by 318.6% during the 4th quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company's stock valued at $10,092,000 after purchasing an additional 216,017 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC dropped their price objective on 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. Lake Street Capital set a $26.00 target price on shares of NAPCO Security Technologies in a research note on Monday, May 5th. DA Davidson set a $33.00 target price on NAPCO Security Technologies and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Mizuho began coverage on shares of NAPCO Security Technologies in a report on Thursday, July 10th. They set an "outperform" rating and a $39.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.83.

NAPCO Security Technologies Trading Down 1.2%

Shares of NSSC stock traded down $0.38 during trading hours on Tuesday, reaching $30.20. 194,436 shares of the stock were exchanged, compared to its average volume of 495,846. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $58.09. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.75 and a beta of 1.43. The company's 50-day moving average price is $28.38 and its 200-day moving average price is $27.46.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping 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% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. On average, sell-side analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, June 12th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.85%. NAPCO Security Technologies's dividend payout ratio is presently 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.