Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Bought by Algert Global LLC

Algert Global LLC lifted its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 731.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,799 shares of the industrial products company’s stock after acquiring an additional 104,509 shares during the quarter. Algert Global LLC’s holdings in Napco Security Technologies were worth $4,807,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Napco Security Technologies in the second quarter valued at about $31,504,000. Copeland Capital Management LLC raised its stake in Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after buying an additional 540,436 shares in the last quarter. F M Investments LLC purchased a new stake in Napco Security Technologies during the second quarter worth approximately $15,109,000. Emerald Advisers LLC lifted its position in shares of Napco Security Technologies by 118.3% during the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock worth $25,382,000 after buying an additional 264,789 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Napco Security Technologies by 170.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock valued at $20,777,000 after acquiring an additional 252,252 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSSC has been the subject of several research reports. Craig Hallum reduced their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. TD Cowen cut their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson decreased their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Lake Street Capital lowered their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.14.

Insider Transactions at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the sale, the director now directly owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.24% of the company’s stock.

Napco Security Technologies Trading Up 5.0 %

Shares of NSSC stock opened at $39.22 on Monday. The stock has a 50 day simple moving average of $39.09 and a 200-day simple moving average of $46.31. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 28.84 and a beta of 1.64. Napco Security Technologies, Inc. has a 12-month low of $28.25 and a 12-month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The business had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. During the same quarter in the previous year, the company posted $0.28 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.27%. Napco Security Technologies’s payout ratio is 36.76%.

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.