Walleye Capital LLC Makes New Investment in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Walleye Capital LLC has invested approximately $1.78 million in NAPCO Security Technologies, acquiring 77,300 shares, representing about 0.22% of the company.
• NAPCO Security Technologies reported an earnings per share (EPS) of $0.33 for its recent quarter, exceeding analyst expectations of $0.26, with a revenue of $50.72 million.
• The company has announced a quarterly dividend of $0.14, representing an annualized yield of 1.5%, with the payment date set for October 3rd.

Walleye Capital LLC bought a new stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 77,300 shares of the industrial products company's stock, valued at approximately $1,779,000. Walleye Capital LLC owned approximately 0.22% of NAPCO Security Technologies at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of NAPCO Security Technologies by 35.4% during the 1st quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after purchasing an additional 1,002 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of NAPCO Security Technologies by 7,432.5% during the 1st quarter. GAMMA Investing LLC now owns 25,460 shares of the industrial products company's stock worth $586,000 after purchasing an additional 25,122 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of NAPCO Security Technologies by 19.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,572 shares of the industrial products company's stock worth $266,000 after purchasing an additional 1,893 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of NAPCO Security Technologies by 3.4% in the first quarter. GSA Capital Partners LLP now owns 35,965 shares of the industrial products company's stock worth $828,000 after acquiring an additional 1,186 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of NAPCO Security Technologies by 22.9% in the first quarter. Bessemer Group Inc. now owns 13,009 shares of the industrial products company's stock worth $299,000 after acquiring an additional 2,423 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on NSSC. Wall Street Zen raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Lake Street Capital raised shares of NAPCO Security Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $26.00 to $39.00 in a research report on Tuesday, August 26th. Mizuho began coverage on shares of NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 target price on the stock. 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, August 26th. Finally, Needham & Company LLC lifted their price target on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, NAPCO Security Technologies presently has an average rating of "Moderate Buy" and an average price target of $37.67.

NAPCO Security Technologies Stock Down 0.7%

NSSC stock traded down $0.28 during trading on Friday, hitting $38.05. 445,259 shares of the company's stock traded hands, compared to its average volume of 384,172. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $48.75. The stock has a fifty day moving average price of $30.97 and a two-hundred day moving average price of $27.10. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.97 and a beta of 1.51.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $50.72 million during the quarter, compared to the consensus estimate of $44.26 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, equities research analysts expect that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors 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 annualized dividend and a yield of 1.5%. NAPCO Security Technologies's dividend payout ratio is presently 47.06%.

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.