Capital Impact Advisors LLC Takes Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Capital Impact Advisors LLC bought a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,886 shares of the industrial products company’s stock, valued at approximately $669,000. Napco Security Technologies makes up about 1.9% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds also recently modified their holdings of the company. AE Wealth Management LLC raised its holdings in Napco Security Technologies by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 189 shares during the last quarter. Epic Trust Investment Advisors LLC lifted its position in Napco Security Technologies by 3.0% during the second quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock worth $503,000 after buying an additional 279 shares during the period. CWM LLC boosted its stake in Napco Security Technologies by 14.8% in the 2nd quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock worth $143,000 after buying an additional 356 shares during the last quarter. Comerica Bank grew its holdings in Napco Security Technologies by 19.1% in the 1st quarter. Comerica Bank now owns 2,586 shares of the industrial products company’s stock valued at $104,000 after buying an additional 415 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Napco Security Technologies by 810.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 470 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Trading Down 1.0 %

Shares of NASDAQ NSSC opened at $40.91 on Monday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 32.47 and a beta of 1.64. Napco Security Technologies, Inc. has a twelve month low of $17.76 and a twelve month high of $58.09. The business has a 50 day simple moving average of $47.67 and a 200-day simple moving average of $46.88.

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

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.125 per share. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, September 12th. Napco Security Technologies’s dividend payout ratio (DPR) is currently 39.68%.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Napco Security Technologies Company Profile

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.