Voloridge Investment Management LLC Acquires 32,839 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Voloridge Investment Management LLC grew its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 309,821 shares of the industrial products company's stock after acquiring an additional 32,839 shares during the quarter. Voloridge Investment Management LLC owned about 0.84% of Napco Security Technologies worth $11,017,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at about $32,000. Caption Management LLC purchased a new position in shares of Napco Security Technologies in the fourth quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Napco Security Technologies in the fourth quarter worth approximately $53,000. Physician Wealth Advisors Inc. purchased a new position in shares of Napco Security Technologies in the fourth quarter worth approximately $63,000. Finally, KBC Group NV boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NSSC shares. Needham & Company LLC dropped 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 report on Tuesday, May 6th. Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Lake Street Capital set a $26.00 price objective on shares of Napco Security Technologies in a report on Monday, May 5th. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Finally, Craig Hallum cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price on the stock. in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Napco Security Technologies has a consensus rating of "Hold" and an average target price of $32.20.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock traded up $0.05 on Friday, hitting $28.07. 53,862 shares of the company traded hands, compared to its average volume of 501,734. The stock has a market capitalization of $1.00 billion, a P/E ratio of 21.63 and a beta of 1.41. Napco Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09. The business has a 50-day simple moving average of $24.08 and a 200 day simple moving average of $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 the consensus estimate of $0.27 by $0.01. The firm had revenue of $43.96 million for the quarter, compared to analysts' expectations of $45.11 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The company's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Research analysts expect that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is 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%.

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.