GAMMA Investing LLC Raises Stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

GAMMA Investing LLC raised its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 7,432.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,460 shares of the industrial products company’s stock after buying an additional 25,122 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of NAPCO Security Technologies worth $586,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in NAPCO Security Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company’s stock valued at $101,334,000 after buying an additional 32,482 shares in the last quarter. Geode Capital Management LLC grew its holdings in NAPCO Security Technologies by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company’s stock valued at $35,948,000 after buying an additional 51,661 shares in the last quarter. Janus Henderson Group PLC grew its holdings in NAPCO Security Technologies by 15.1% in the 4th quarter. Janus Henderson Group PLC now owns 939,355 shares of the industrial products company’s stock valued at $33,403,000 after buying an additional 123,091 shares in the last quarter. Doma Perpetual Capital Management LLC grew its holdings in NAPCO Security Technologies by 8.4% in the 4th quarter. Doma Perpetual Capital Management LLC now owns 766,532 shares of the industrial products company’s stock valued at $27,258,000 after buying an additional 59,496 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in NAPCO Security Technologies by 27.3% in the 4th quarter. Royal Bank of Canada now owns 746,804 shares of the industrial products company’s stock valued at $26,558,000 after buying an additional 160,030 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

NAPCO Security Technologies Stock Down 0.9%

Shares of NAPCO Security Technologies stock opened at $28.39 on Thursday. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $58.09. The business’s fifty day simple moving average is $25.89 and its 200-day simple moving average is $28.58. The firm has a market cap of $1.01 billion, a PE ratio of 23.27 and a beta of 1.44.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The business had revenue of $43.96 million for the quarter, compared to analyst estimates of $45.11 million. During the same quarter in the prior year, the company posted $0.37 EPS. The company’s quarterly revenue was down 10.8% on a year-over-year basis. As a group, equities analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 12th will be paid a dividend of $0.14 per share. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 12th. This represents a $0.56 annualized dividend and a yield of 1.97%. NAPCO Security Technologies’s dividend payout ratio is presently 45.90%.

Analyst Ratings Changes

NSSC has been the subject of several analyst reports. Needham & Company LLC dropped their target price on NAPCO Security Technologies from $37.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.20.

NAPCO Security Technologies Company 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.