14,075 Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC) Bought by Norden Group LLC

Norden Group LLC purchased a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSCFree Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 14,075 shares of the industrial products company’s stock, valued at approximately $565,000.

Several other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC increased its holdings in shares of Napco Security Technologies by 332.9% in the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 566 shares during the last quarter. Arcadia Investment Management Corp MI increased its stake in Napco Security Technologies by 48.6% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 459 shares during the last quarter. RiverPark Advisors LLC raised its holdings in shares of Napco Security Technologies by 80.1% during the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 743 shares in the last quarter. Allworth Financial LP boosted its position in shares of Napco Security Technologies by 19.9% during the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 550 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in shares of Napco Security Technologies in the fourth quarter valued at $154,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Richard Soloway sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at $62,145,642. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NSSC. Craig Hallum reiterated a “buy” rating and set a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Needham & Company LLC lifted their price target on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. 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 price objective on the stock. DA Davidson started coverage on Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 target price for the company. Finally, B. Riley boosted their target price on Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.14.

View Our Latest Research Report on NSSC

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC opened at $54.24 on Thursday. The business’s 50 day moving average price is $49.62 and its 200-day moving average price is $42.91. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $54.97. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 43.05 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last released its earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $49.30 million during the quarter, compared to the consensus estimate of $48.16 million. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Sell-side analysts predict that Napco Security Technologies, Inc. will post 1.35 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. Napco Security Technologies’s dividend payout ratio is currently 31.75%.

Napco Security Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Napco Security Technologies (NASDAQ:NSSC)

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