Emerald Mutual Fund Advisers Trust Sells 38,357 Shares of NAPCO Security Technologies, Inc. $NSSC

Emerald Mutual Fund Advisers Trust decreased its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 16.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,495 shares of the industrial products company’s stock after selling 38,357 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.53% of NAPCO Security Technologies worth $8,139,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NSSC. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of NAPCO Security Technologies during the third quarter valued at approximately $249,000. Vest Financial LLC acquired a new stake in NAPCO Security Technologies during the third quarter worth $1,612,000. Wealth Enhancement Advisory Services LLC increased its holdings in NAPCO Security Technologies by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,113 shares of the industrial products company’s stock valued at $522,000 after buying an additional 670 shares during the period. Yorktown Management & Research Co Inc bought a new stake in NAPCO Security Technologies in the 3rd quarter valued at $425,000. Finally, First National Advisers LLC raised its stake in shares of NAPCO Security Technologies by 1.7% in the 3rd quarter. First National Advisers LLC now owns 83,812 shares of the industrial products company’s stock valued at $3,600,000 after buying an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Transactions at NAPCO Security Technologies

In other NAPCO Security Technologies news, SVP Stephen M. Spinelli sold 19,000 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $40.25, for a total value of $764,750.00. Following the transaction, the senior vice president owned 928 shares of the company’s stock, valued at approximately $37,352. This represents a 95.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Trading Up 4.0%

NASDAQ NSSC opened at $39.67 on Friday. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $48.12. The company has a 50 day moving average of $40.91 and a 200-day moving average of $38.81. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 32.25 and a beta of 1.52.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The business had revenue of $49.17 million for the quarter, compared to analyst estimates of $46.81 million. During the same period in the prior year, the company earned $0.29 EPS. NAPCO Security Technologies’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, December 12th. NAPCO Security Technologies’s dividend payout ratio is currently 45.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NSSC. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Friday, October 31st. Zacks Research cut shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Lake Street Capital reaffirmed a “buy” rating and set a $50.00 price objective (up from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. TD Cowen raised NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Finally, Mizuho set a $48.00 target price on NAPCO Security Technologies and gave the stock an “outperform” rating in a research report on Friday, October 17th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.50.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.