GSA Capital Partners LLP Cuts Position in NAPCO Security Technologies, Inc. $NSSC

GSA Capital Partners LLP decreased its position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 77.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,533 shares of the industrial products company’s stock after selling 18,570 shares during the period. GSA Capital Partners LLP’s holdings in NAPCO Security Technologies were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC increased its position in shares of NAPCO Security Technologies by 62.4% during the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after purchasing an additional 295,755 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of NAPCO Security Technologies by 75.8% in the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after acquiring an additional 254,007 shares during the period. Wasatch Advisors LP bought a new position in NAPCO Security Technologies during the 2nd quarter valued at approximately $6,561,000. Norges Bank bought a new position in shares of NAPCO Security Technologies during the second quarter valued at approximately $5,963,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of NAPCO Security Technologies by 319.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 246,400 shares of the industrial products company’s stock worth $7,316,000 after purchasing an additional 187,600 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Performance

Shares of NAPCO Security Technologies stock opened at $46.61 on Friday. The company has a 50-day simple moving average of $41.97 and a two-hundred day simple moving average of $41.14. The stock has a market capitalization of $1.66 billion, a PE ratio of 35.05 and a beta of 1.51. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $48.17 million during the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 12th. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies’s dividend payout ratio is currently 42.11%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NSSC. Zacks Research downgraded NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. DA Davidson restated a “buy” rating and set a $50.00 target price on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.83.

Insider Activity

In related news, CEO Richard Soloway sold 150,000 shares of NAPCO Security Technologies stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $42.74, for a total value of $6,411,000.00. Following the completion of the sale, the chief executive officer directly owned 1,256,010 shares in the company, valued at approximately $53,681,867.40. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.65% of the stock is currently owned by insiders.

NAPCO Security Technologies Company 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.