Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust raised its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 3.5% during the third quarter, HoldingsChannel reports. The firm owned 414,013 shares of the industrial products company’s stock after buying an additional 14,077 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Napco Security Technologies were worth $16,751,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NSSC. AE Wealth Management LLC increased its position in Napco Security Technologies by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 189 shares during the period. Epic Trust Investment Advisors LLC grew its stake in shares of Napco Security Technologies by 3.0% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock valued at $503,000 after purchasing an additional 279 shares during the last quarter. Quarry LP increased its holdings in shares of Napco Security Technologies by 91.2% in the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 312 shares during the period. CWM LLC increased its holdings in shares of Napco Security Technologies by 14.8% in the second quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 356 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Napco Security Technologies by 18.9% during the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 400 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares of the company’s stock, valued at $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.54% of the company’s stock.

Analysts Set New Price Targets

NSSC has been the topic of a number of analyst reports. Needham & Company LLC lifted their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. DA Davidson lifted their target price on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Lake Street Capital reissued a “buy” rating and set a $60.00 price target on shares of Napco Security Technologies in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies has an average rating of “Moderate Buy” and an average target price of $55.29.

Napco Security Technologies Stock Up 0.3 %

Shares of NSSC opened at $38.59 on Friday. The company has a market capitalization of $1.42 billion, a PE ratio of 28.80 and a beta of 1.64. Napco Security Technologies, Inc. has a 52-week low of $18.00 and a 52-week high of $58.09. The company has a 50-day simple moving average of $40.32 and a 200-day simple moving average of $46.83.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. During the same period last year, the firm earned $0.28 EPS. On average, research analysts anticipate that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, September 12th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s payout ratio is 37.31%.

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.