Emerald Mutual Fund Advisers Trust Lowers Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Emerald Mutual Fund Advisers Trust decreased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 360,622 shares of the industrial products company's stock after selling 53,391 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.98% of Napco Security Technologies worth $12,824,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NSSC. New Age Alpha Advisors LLC bought a new stake in Napco Security Technologies during the fourth quarter valued at $32,000. Physician Wealth Advisors Inc. bought a new stake in Napco Security Technologies during the fourth quarter valued at $63,000. KBC Group NV boosted its position in shares of Napco Security Technologies by 83.8% during the 4th quarter. KBC Group NV now owns 2,049 shares of the industrial products company's stock worth $73,000 after purchasing an additional 934 shares in the last quarter. Huntington National Bank grew its stake in shares of Napco Security Technologies by 31.4% in the 4th quarter. Huntington National Bank now owns 2,335 shares of the industrial products company's stock valued at $83,000 after buying an additional 558 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new stake in Napco Security Technologies in the 4th quarter valued at about $86,000. Institutional investors own 85.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Craig Hallum downgraded Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a report on Tuesday, February 4th. Needham & Company LLC decreased their price objective on Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating for the company in a report on Friday, March 21st. TD Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price objective for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Lake Street Capital decreased their price target on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $35.50.

Napco Security Technologies Stock Up 0.7 %

NSSC stock traded up $0.15 during midday trading on Thursday, hitting $23.00. The company's stock had a trading volume of 448,090 shares, compared to its average volume of 505,591. The stock has a market cap of $837.22 million, a price-to-earnings ratio of 17.69 and a beta of 1.51. The stock's 50-day moving average price is $23.08 and its 200 day moving average price is $31.16. Napco Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. As a group, equities analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

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.