Voleon Capital Management LP Purchases New Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Voleon Capital Management LP bought a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 11,156 shares of the industrial products company's stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSSC. Corient Private Wealth LLC raised its holdings in shares of Napco Security Technologies by 102.4% in the fourth quarter. Corient Private Wealth LLC now owns 18,104 shares of the industrial products company's stock worth $644,000 after acquiring an additional 768,629 shares during the last quarter. Wellington Management Group LLP acquired a new position in Napco Security Technologies in the 4th quarter valued at about $10,427,000. JPMorgan Chase & Co. raised its stake in Napco Security Technologies by 318.6% in the 4th quarter. JPMorgan Chase & Co. now owns 283,812 shares of the industrial products company's stock valued at $10,092,000 after purchasing an additional 216,017 shares during the last quarter. Marshall Wace LLP lifted its holdings in Napco Security Technologies by 122.9% in the 4th quarter. Marshall Wace LLP now owns 322,293 shares of the industrial products company's stock valued at $11,461,000 after purchasing an additional 177,727 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its stake in shares of Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock worth $42,481,000 after purchasing an additional 156,495 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Napco Security Technologies Price Performance

NSSC stock traded up $0.12 during midday trading on Tuesday, reaching $24.77. 299,684 shares of the company's stock traded hands, compared to its average volume of 510,326. Napco Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $58.09. The business has a 50-day moving average price of $23.07 and a two-hundred day moving average price of $30.76. The company has a market capitalization of $901.65 million, a P/E ratio of 19.07 and a beta of 1.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The firm had revenue of $43.96 million during the quarter, compared to analysts' expectations of $45.11 million. During the same period in the prior year, the company earned $0.37 EPS. The firm's revenue was down 10.8% on a year-over-year basis. As a group, research analysts forecast that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $46.00 to $27.00 in a research note on Tuesday, February 4th. Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Craig Hallum downgraded Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price on the stock. in a research report on Tuesday, February 4th. Lake Street Capital set a $26.00 price objective on shares of Napco Security Technologies in a report on Monday. Finally, Needham & Company LLC dropped their price target on shares of Napco Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $34.33.

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.