Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI boosted its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 48.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,403 shares of the industrial products company’s stock after buying an additional 459 shares during the period. Arcadia Investment Management Corp MI’s holdings in Napco Security Technologies were worth $48,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. RiverPark Advisors LLC grew its position in shares of Napco Security Technologies by 80.1% during the fourth 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 during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Napco Security Technologies in the 3rd quarter worth about $101,000. Allworth Financial LP increased its stake in shares of Napco Security Technologies by 19.9% in the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 550 shares during the period. Spire Wealth Management bought a new stake in shares of Napco Security Technologies during the fourth quarter valued at approximately $154,000. Finally, Wambolt & Associates LLC boosted its position in shares of Napco Security Technologies by 54.2% during the third quarter. Wambolt & Associates LLC now owns 9,745 shares of the industrial products company’s stock worth $216,000 after buying an additional 3,427 shares during the period. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Price Performance

Shares of NSSC traded up $0.18 during mid-day trading on Thursday, hitting $44.63. The company’s stock had a trading volume of 589,144 shares, compared to its average volume of 362,316. The firm has a 50-day moving average price of $41.01 and a 200 day moving average price of $35.85. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $46.41. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 37.50 and a beta of 1.51.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The firm had revenue of $49.30 million for the quarter, compared to analyst estimates of $48.16 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Napco Security Technologies, Inc. will post 1.31 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.90%. Napco Security Technologies’s dividend payout ratio (DPR) is 33.61%.

Insider Buying and Selling

In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the sale, the senior vice president now directly owns 14,232 shares of the company’s stock, valued at $653,533.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of Napco Security Technologies stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the transaction, the senior vice president now directly owns 14,232 shares in the company, valued at approximately $653,533.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin S. Buchel sold 10,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.80, for a total value of $448,000.00. Following the completion of the sale, the chief financial officer now owns 112,739 shares of the company’s stock, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 343,200 shares of company stock valued at $15,037,644. 11.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Imperial Capital cut Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price on the stock. in a research report on Tuesday, February 6th. StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson began coverage on shares of Napco Security Technologies in a research note on Friday, April 26th. They set a “buy” rating and a $52.00 target price on the stock. Finally, B. Riley upped their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Napco Security Technologies presently has an average rating of “Hold” and an average target price of $41.83.

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.