Trexquant Investment LP Has $1.50 Million Holdings in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Trexquant Investment LP reduced its holdings in NAPCO Security Technologies by 48.7%, now owning approximately 0.18% of the company's shares worth about $1.5 million.
• NAPCO reported earnings of $0.33 per share, surpassing analysts' expectations of $0.26, with revenues reaching $50.72 million for the quarter.
• The company announced a quarterly dividend of $0.14 per share, set to be paid on October 3rd, reflecting a 1.4% dividend yield.

Trexquant Investment LP cut its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 48.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,134 shares of the industrial products company's stock after selling 61,922 shares during the period. Trexquant Investment LP owned about 0.18% of NAPCO Security Technologies worth $1,499,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC grew its position in 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 acquiring an additional 768 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in NAPCO Security Technologies in the 4th quarter valued at $53,000. Mpwm Advisory Solutions LLC bought a new position in NAPCO Security Technologies in the 4th quarter valued at $54,000. Farther Finance Advisors LLC boosted its position 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 buying an additional 1,002 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in NAPCO Security Technologies in the 4th quarter valued at $220,000. 85.07% of the stock is currently owned by institutional investors.

NAPCO Security Technologies Price Performance

Shares of NSSC stock traded up $1.41 during trading hours on Thursday, reaching $41.49. The company had a trading volume of 327,781 shares, compared to its average volume of 439,991. The company has a 50 day moving average of $32.82 and a 200 day moving average of $27.97. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 34.87 and a beta of 1.51. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $42.58.

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

NAPCO Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies's dividend payout ratio is 47.06%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Craig Hallum upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research report on Tuesday, August 26th. Needham & Company LLC increased their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Mizuho assumed coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective on the stock. Wall Street Zen upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Lake Street Capital upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $39.00 in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, NAPCO Security Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $37.67.

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.