Squarepoint Ops LLC Has $8.81 Million Stock Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Squarepoint Ops LLC lifted its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 57.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,507 shares of the industrial products company’s stock after buying an additional 61,598 shares during the quarter. Squarepoint Ops LLC owned about 0.46% of Napco Security Technologies worth $8,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. raised its holdings in Napco Security Technologies by 88.2% in the 2nd quarter. Sei Investments Co. now owns 31,968 shares of the industrial products company’s stock worth $1,661,000 after acquiring an additional 14,985 shares during the period. AE Wealth Management LLC increased its stake in shares of Napco Security Technologies by 3.8% in the second quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 189 shares during the period. Divisadero Street Capital Management LP increased its stake in shares of Napco Security Technologies by 118.2% in the second quarter. Divisadero Street Capital Management LP now owns 394,804 shares of the industrial products company’s stock worth $20,510,000 after purchasing an additional 213,838 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in shares of Napco Security Technologies during the 2nd quarter worth about $184,000. Finally, Renaissance Technologies LLC boosted its stake in Napco Security Technologies by 17.4% during the 2nd quarter. Renaissance Technologies LLC now owns 244,400 shares of the industrial products company’s stock valued at $12,697,000 after purchasing an additional 36,200 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction that occurred 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 directly owns 2,681 shares in the company, valued at approximately $99,518.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Needham & Company LLC boosted their target price 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, DA Davidson upped their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Napco Security Technologies currently has an average rating of “Moderate Buy” and an average price target of $55.29.

Napco Security Technologies Trading Down 1.0 %

NSSC opened at $40.91 on Friday. The stock’s 50 day simple moving average is $47.67 and its 200-day simple moving average is $46.79. The stock has a market cap of $1.51 billion, a PE ratio of 32.47 and a beta of 1.64. Napco Security Technologies, Inc. has a 1 year low of $17.76 and a 1 year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $50.33 million for 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 in the previous year, the firm posted $0.28 EPS. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.22%. 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 is 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.