Quantbot Technologies LP Purchases Shares of 51,531 NAPCO Security Technologies, Inc. $NSSC

Key Points

• Quantbot Technologies LP has acquired approximately 51,531 shares of NAPCO Security Technologies, valued at about $1,186,000, giving it a 0.14% stake in the company.
• Institutional investors currently hold 85.07% of NAPCO Security Technologies' stock, indicating strong institutional interest.
• Analysts have varying price targets for the stock, with a consensus rating of "Hold" and a price target of $30.83.

Quantbot Technologies LP purchased a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 51,531 shares of the industrial products company's stock, valued at approximately $1,186,000. Quantbot Technologies LP owned 0.14% of NAPCO Security Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSSC. Caption Management LLC bought a new position in shares of NAPCO Security Technologies in the fourth quarter worth approximately $33,000. GAMMA Investing LLC raised its position in NAPCO Security Technologies by 227.2% in the first 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of NAPCO Security Technologies in the fourth quarter worth $53,000. Mpwm Advisory Solutions LLC bought a new stake in shares of NAPCO Security Technologies during the 4th quarter valued at $54,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of NAPCO Security Technologies during the 4th quarter valued at $89,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on NSSC shares. DA Davidson lifted their price objective on shares of NAPCO Security Technologies from $33.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday. Craig Hallum raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Tuesday. Needham & Company LLC lifted their price objective on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday. Lake Street Capital raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $26.00 to $39.00 in a research report on Tuesday. Finally, Mizuho started coverage on shares of NAPCO Security Technologies in a research note on Thursday, July 10th. They set an "outperform" rating and a $39.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NAPCO Security Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $37.67.

NAPCO Security Technologies Trading Down 0.7%

NASDAQ NSSC traded down $0.28 during trading hours on Friday, reaching $38.05. The company had a trading volume of 445,259 shares, compared to its average volume of 372,596. The stock has a market capitalization of $1.36 billion, a P/E ratio of 31.97 and a beta of 1.42. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $48.75. The stock has a 50-day moving average of $30.97 and a 200 day moving average of $27.08.

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

NAPCO Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued 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 yield of 1.5%. NAPCO Security Technologies's dividend payout ratio (DPR) is 47.06%.

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.