RiverPark Advisors LLC Has $310,000 Stock Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

RiverPark Advisors LLC raised its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 361.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,709 shares of the industrial products company’s stock after acquiring an additional 6,038 shares during the period. RiverPark Advisors LLC’s holdings in Napco Security Technologies were worth $310,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in shares of Napco Security Technologies by 332.9% in the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after buying an additional 566 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of Napco Security Technologies in the 1st quarter worth approximately $27,000. Whittier Trust Co. acquired a new position in shares of Napco Security Technologies in the 1st quarter worth approximately $28,000. Arcadia Investment Management Corp MI raised its holdings in shares of Napco Security Technologies by 48.6% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after buying an additional 459 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Napco Security Technologies by 19.9% in the 4th quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock worth $114,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 250,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the transaction, the chief executive officer now directly owns 1,406,010 shares in the company, valued at approximately $62,145,642. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.54% of the company’s stock.

Napco Security Technologies Trading Down 1.7 %

NASDAQ NSSC traded down $0.91 during trading hours on Tuesday, reaching $53.75. 273,484 shares of the company’s stock were exchanged, compared to its average volume of 371,988. The stock has a market cap of $1.98 billion, a PE ratio of 42.66 and a beta of 1.62. Napco Security Technologies, Inc. has a one year low of $17.76 and a one year high of $54.96. The firm has a fifty day moving average of $49.34 and a 200-day moving average of $42.83.

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

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were given a $0.10 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. Napco Security Technologies’s payout ratio is 31.75%.

Wall Street Analyst Weigh In

NSSC has been the subject of a number of recent research reports. Lake Street Capital increased their target price on Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Needham & Company LLC increased their target price on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. DA Davidson initiated coverage on Napco Security Technologies in a report on Friday, April 26th. They issued a “buy” rating and a $52.00 target price for the company. TD Cowen initiated coverage on Napco Security Technologies in a report on Tuesday, May 28th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Craig Hallum restated a “buy” rating and set a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.