PDT Partners LLC Invests $1.48 Million in Napco Security Technologies, Inc. (NASDAQ:NSSC)

PDT Partners LLC acquired a new stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 36,453 shares of the industrial products company’s stock, valued at approximately $1,475,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. bought a new stake in Napco Security Technologies in the 2nd quarter worth approximately $31,504,000. Copeland Capital Management LLC boosted its stake in shares of Napco Security Technologies by 108.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after buying an additional 540,436 shares during the last quarter. FMR LLC grew its holdings in shares of Napco Security Technologies by 30.8% in the third quarter. FMR LLC now owns 2,102,688 shares of the industrial products company’s stock worth $85,075,000 after acquiring an additional 494,988 shares during the period. F M Investments LLC purchased a new stake in Napco Security Technologies during the second quarter valued at $15,109,000. Finally, Emerald Advisers LLC lifted its holdings in Napco Security Technologies by 118.3% in the second quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after acquiring an additional 264,789 shares during the period. Institutional investors own 85.07% of the company’s stock.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the transaction, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Napco Security Technologies from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Lake Street Capital cut their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Craig Hallum decreased their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. TD Cowen dropped their price target on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Needham & Company LLC upped their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies Price Performance

NSSC opened at $39.23 on Monday. The company has a 50 day simple moving average of $39.03 and a two-hundred day simple moving average of $46.13. The firm has a market cap of $1.44 billion, a P/E ratio of 28.85 and a beta of 1.64. Napco Security Technologies, Inc. has a 1-year low of $30.04 and a 1-year high of $58.09.

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

Napco Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Napco Security Technologies 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.