5,000 Shares in Napco Security Technologies, Inc. (NASDAQ:NSSC) Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC bought a new stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the industrial products company’s stock, valued at approximately $260,000.

Several other institutional investors also recently made changes to their positions in NSSC. Sei Investments Co. purchased a new position in Napco Security Technologies in the 1st quarter valued at approximately $682,000. Annex Advisory Services LLC raised its stake in shares of Napco Security Technologies by 13.3% during the 4th quarter. Annex Advisory Services LLC now owns 34,100 shares of the industrial products company’s stock worth $1,168,000 after buying an additional 3,990 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Napco Security Technologies during the 1st quarter worth $2,610,000. Wasatch Advisors LP boosted its position in shares of Napco Security Technologies by 13.3% in the 4th quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock worth $19,571,000 after buying an additional 67,175 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Napco Security Technologies in the 4th quarter valued at about $547,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, SVP Stephen M. Spinelli sold 3,000 shares of Napco Security Technologies stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total value of $156,390.00. Following the transaction, the senior vice president now owns 24,928 shares in the company, valued at approximately $1,299,496.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Craig Hallum restated a “buy” rating and set a $65.00 target price (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. B. Riley upped their target price on Napco Security Technologies from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Lake Street Capital raised their price target on Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Needham & Company LLC upped their price objective 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. Finally, TD Cowen started coverage on Napco Security Technologies in a research note on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.14.

Napco Security Technologies Stock Down 14.4 %

Shares of NSSC stock traded down $8.01 during mid-day trading on Monday, hitting $47.46. 900,222 shares of the company’s stock were exchanged, compared to its average volume of 370,755. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 41.43 and a beta of 1.62. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $58.09. The stock has a 50-day simple moving average of $53.72 and a two-hundred day simple moving average of $47.35.

Napco Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a $0.125 dividend. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.05%. Napco Security Technologies’s payout ratio is 31.75%.

Napco Security Technologies 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.