Divisadero Street Capital Management LP Has $20.51 Million Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Divisadero Street Capital Management LP lifted its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 118.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 394,804 shares of the industrial products company’s stock after purchasing an additional 213,838 shares during the period. Napco Security Technologies accounts for approximately 3.1% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 8th biggest holding. Divisadero Street Capital Management LP owned approximately 1.07% of Napco Security Technologies worth $20,510,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. acquired a new stake in Napco Security Technologies in the 1st quarter worth about $682,000. Annex Advisory Services LLC boosted its stake in shares of Napco Security Technologies by 13.3% in the fourth quarter. Annex Advisory Services LLC now owns 34,100 shares of the industrial products company’s stock valued at $1,168,000 after buying an additional 3,990 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Napco Security Technologies in the first quarter valued at approximately $2,610,000. Wasatch Advisors LP grew its position in Napco Security Technologies by 13.3% during the fourth quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock worth $19,571,000 after buying an additional 67,175 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Napco Security Technologies during the 4th quarter worth $547,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NSSC has been the subject of a number of recent analyst reports. TD Cowen began coverage on Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 target price for the company. DA Davidson increased their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Lake Street Capital restated a “buy” rating and issued a $60.00 target price on shares of Napco Security Technologies in a research report on Tuesday. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, Craig Hallum restated a “buy” rating and set a $65.00 price objective (up from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.29.

Insider Buying and Selling

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the transaction, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 11.54% of the stock is owned by corporate insiders.

Napco Security Technologies Stock Performance

NASDAQ NSSC opened at $40.47 on Friday. The firm’s fifty day moving average price is $49.34 and its two-hundred day moving average price is $46.82. The stock has a market cap of $1.49 billion, a PE ratio of 32.12 and a beta of 1.64. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $50.33 million for the quarter, compared to analyst estimates of $50.18 million. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, September 12th. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio (DPR) is 39.68%.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.