Algert Global LLC Trims Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Algert Global LLC trimmed its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 46.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,290 shares of the industrial products company’s stock after selling 12,245 shares during the period. Algert Global LLC’s holdings in Napco Security Technologies were worth $742,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in Napco Security Technologies by 810.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after buying an additional 470 shares in the last quarter. Hollencrest Capital Management purchased a new position in Napco Security Technologies in the 1st quarter worth approximately $27,000. Whittier Trust Co. bought a new position in Napco Security Technologies in the 1st quarter worth approximately $28,000. EntryPoint Capital LLC purchased a new stake in Napco Security Technologies during the 1st quarter valued at approximately $46,000. Finally, Bessemer Group Inc. bought a new stake in shares of Napco Security Technologies during the first quarter valued at approximately $63,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NSSC shares. Lake Street Capital restated a “buy” rating and set a $60.00 target price on shares of Napco Security Technologies in a research report on Tuesday, September 17th. DA Davidson raised their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC lifted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.29.

Insider Buying and Selling

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the sale, the director now owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.54% of the stock is owned by corporate insiders.

Napco Security Technologies Trading Up 1.0 %

Shares of NASDAQ NSSC opened at $38.59 on Friday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 30.63 and a beta of 1.64. Napco Security Technologies, Inc. has a 12-month low of $17.76 and a 12-month high of $58.09. The firm’s 50-day moving average price is $46.06 and its 200-day moving average price is $46.82.

Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $50.33 million during the quarter, compared to analyst estimates of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. During the same quarter last year, the business earned $0.28 EPS. On average, equities analysts predict that Napco Security Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a dividend of $0.125 per share. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.30%. Napco Security Technologies’s dividend payout ratio is currently 39.68%.

About Napco Security Technologies

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.