Jane Street Group LLC Has $773,000 Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Jane Street Group LLC trimmed its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 32.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,743 shares of the industrial products company's stock after selling 10,400 shares during the quarter. Jane Street Group LLC owned approximately 0.06% of Napco Security Technologies worth $773,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NSSC. New Age Alpha Advisors LLC acquired a new position in shares of Napco Security Technologies in the 4th quarter worth $32,000. Physician Wealth Advisors Inc. acquired a new position in shares of Napco Security Technologies in the 4th quarter worth $63,000. KBC Group NV boosted its position in shares of Napco Security Technologies by 83.8% in the fourth quarter. KBC Group NV now owns 2,049 shares of the industrial products company's stock worth $73,000 after buying an additional 934 shares during the period. Huntington National Bank boosted its position in shares of Napco Security Technologies by 31.4% in the fourth quarter. Huntington National Bank now owns 2,335 shares of the industrial products company's stock worth $83,000 after buying an additional 558 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Napco Security Technologies in the fourth quarter worth $86,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price for the company. in a research report on Tuesday, February 4th. Needham & Company LLC decreased their target price on Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Finally, Lake Street Capital set a $26.00 target price on Napco Security Technologies in a research report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Napco Security Technologies presently has a consensus rating of "Hold" and a consensus target price of $32.20.

Napco Security Technologies Price Performance

NSSC traded up $0.12 during trading on Thursday, reaching $28.02. 329,265 shares of the stock traded hands, compared to its average volume of 503,509. The stock has a market cap of $999.08 million, a price-to-earnings ratio of 21.55 and a beta of 1.41. Napco Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09. The stock's 50-day simple moving average is $24.08 and its two-hundred day simple moving average is $29.49.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $45.11 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The business's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. Research analysts anticipate that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be given a dividend of $0.14 per share. This is a boost from Napco Security Technologies's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.00%. Napco Security Technologies's dividend payout ratio (DPR) is presently 45.90%.

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.