Cim LLC Takes $535,000 Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Cim LLC acquired a new position in Napco Security Technologies, Inc. (NASDAQ:NSSC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,633 shares of the industrial products company’s stock, valued at approximately $535,000.

A number of other institutional investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC raised its position in shares of Napco Security Technologies by 332.9% in the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after buying an additional 566 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Napco Security Technologies by 48.6% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 459 shares during the period. RiverPark Advisors LLC grew its holdings in shares of Napco Security Technologies by 80.1% during the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 743 shares in the last quarter. Allworth Financial LP increased its position 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 worth $114,000 after purchasing an additional 550 shares during the period. Finally, Spire Wealth Management acquired a new position in Napco Security Technologies in the fourth quarter valued at about $154,000. Institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Down 2.4 %

Napco Security Technologies stock traded down $1.28 during trading hours on Friday, hitting $51.70. The stock had a trading volume of 262,439 shares, compared to its average volume of 426,466. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 41.03 and a beta of 1.61. The business’s 50 day simple moving average is $45.44 and its 200-day simple moving average is $40.33. Napco Security Technologies, Inc. has a one year low of $17.76 and a one year high of $53.10.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. The business had revenue of $49.30 million for the quarter, compared to the consensus estimate of $48.16 million. During the same period last year, the company earned $0.29 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. Research analysts anticipate that Napco Security Technologies, Inc. will post 1.35 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a $0.10 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.77%. Napco Security Technologies’s payout ratio is 31.75%.

Insider Buying and Selling

In other Napco Security Technologies news, CEO Richard Soloway sold 50,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the sale, the chief executive officer now owns 1,656,010 shares in the company, valued at approximately $67,482,407.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NSSC has been the topic of several recent analyst reports. DA Davidson initiated coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 target price on the stock. B. Riley boosted their price objective on shares of Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. TD Cowen assumed coverage on Napco Security Technologies in a report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 target price on the stock. Craig Hallum restated a “buy” rating and set a $65.00 price objective (up from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Finally, Needham & Company LLC lifted their target price on Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.14.

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.