NAPCO Security Technologies, Inc. $NSSC Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in NAPCO Security Technologies by 275%, now holding approximately 0.15% of the company, valued at $1.25 million.
• NAPCO reported a quarterly earnings per share (EPS) of $0.33, exceeding the estimated $0.26, along with a revenue of $50.72 million, which also surpassed analyst expectations.
• The firm announced a quarterly dividend of $0.14 to be paid on October 3rd, representing an annualized yield of 1.5% and a payout ratio of 47.06%.

Jump Financial LLC lifted its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 275.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,185 shares of the industrial products company's stock after buying an additional 39,736 shares during the quarter. Jump Financial LLC owned approximately 0.15% of NAPCO Security Technologies worth $1,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NSSC. GAMMA Investing LLC raised its stake in shares of NAPCO Security Technologies by 227.2% during the 1st 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 last quarter. Caption Management LLC acquired a new position in NAPCO Security Technologies in the 4th quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in NAPCO Security Technologies in the 4th quarter valued at about $53,000. Mpwm Advisory Solutions LLC acquired a new position in NAPCO Security Technologies in the 4th quarter valued at about $54,000. Finally, Farther Finance Advisors LLC raised its stake in NAPCO Security Technologies by 35.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NSSC shares. Wall Street Zen raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC boosted their target price on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Lake Street Capital upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $26.00 to $39.00 in a report on Tuesday, August 26th. Zacks Research upgraded NAPCO Security Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Finally, DA Davidson lifted their price target on NAPCO Security Technologies from $33.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NAPCO Security Technologies currently has an average rating of "Moderate Buy" and an average price target of $37.67.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ:NSSC traded up $0.07 during trading on Tuesday, reaching $38.12. 366,665 shares of the stock were exchanged, compared to its average volume of 450,538. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $46.07. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 32.02 and a beta of 1.51. The firm's 50-day moving average price is $31.18 and its 200 day moving average price is $27.19.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings results on Monday, August 25th. The industrial products company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $50.72 million for the quarter, compared to analyst estimates of $44.26 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.NAPCO Security Technologies's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. As a group, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.56 annualized dividend and a yield of 1.5%. NAPCO Security Technologies's payout ratio is 47.06%.

NAPCO Security Technologies 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.