Quantbot Technologies LP Invests $1.45 Million in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Quantbot Technologies LP purchased 33,751 shares of NAPCO (NASDAQ: NSSC) in Q3 — about $1.45 million — representing roughly 0.09% of the company at the period end.
• CEO Richard Soloway sold 150,000 shares at an average of $42.74 for about $6.41 million, reducing his ownership by 10.67%; company insiders now own 5.65% of the stock.
• NAPCO beat expectations with Q results (EPS $0.38 vs. $0.33 est.; revenue $48.17M, up 12.4% YoY) and raised its quarterly dividend to $0.15 (annualized $0.60, ~1.4% yield).

Quantbot Technologies LP acquired a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 33,751 shares of the industrial products company's stock, valued at approximately $1,450,000. Quantbot Technologies LP owned 0.09% of NAPCO Security Technologies at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in NAPCO Security Technologies during the 3rd quarter valued at approximately $25,000. Exchange Traded Concepts LLC purchased a new stake in NAPCO Security Technologies during the 3rd quarter valued at $26,000. State of Wyoming bought a new stake in shares of NAPCO Security Technologies in the 3rd quarter worth about $41,000. First Horizon Advisors Inc. boosted its position in shares of NAPCO Security Technologies by 49.8% during the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company's stock valued at $46,000 after buying an additional 516 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in NAPCO Security Technologies during the 3rd quarter valued at $67,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Insider Buying and Selling

In other NAPCO Security Technologies news, CEO Richard Soloway sold 150,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the completion of the transaction, the chief executive officer owned 1,256,010 shares of the company's stock, valued at $53,681,867.40. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.65% of the company's stock.

NAPCO Security Technologies Price Performance

NSSC opened at $42.59 on Friday. The firm has a fifty day moving average price of $42.08 and a 200 day moving average price of $41.41. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $48.12. The stock has a market cap of $1.52 billion, a P/E ratio of 32.02 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $48.17 million during the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.NAPCO Security Technologies's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. Equities 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 will be paid on Friday, April 3rd. Investors of record on Thursday, March 12th will be given a dividend of $0.15 per share. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. NAPCO Security Technologies's payout ratio is currently 42.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NSSC shares. Zacks Research downgraded shares of NAPCO Security Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. DA Davidson reiterated a "buy" rating and set a $50.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc NASDAQ: NSSC is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company's product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO's offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.

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