GSA Capital Partners LLP Sells 18,570 Shares of NAPCO Security Technologies, Inc. $NSSC

GSA Capital Partners LLP reduced its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 77.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,533 shares of the industrial products company’s stock after selling 18,570 shares during the quarter. GSA Capital Partners LLP’s holdings in NAPCO Security Technologies were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after buying an additional 516 shares during the period. Cornerstone Planning Group LLC bought a new position in shares of NAPCO Security Technologies in the 3rd quarter worth about $25,000. Exchange Traded Concepts LLC acquired a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at about $26,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of NAPCO Security Technologies by 5.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,113 shares of the industrial products company’s stock valued at $522,000 after purchasing an additional 670 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NAPCO Security Technologies by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 885 shares during the period. 85.07% of the stock is owned by institutional investors.

NAPCO Security Technologies Stock Performance

NASDAQ:NSSC opened at $46.61 on Friday. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $48.12. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 35.05 and a beta of 1.51. The business’s fifty day moving average is $41.97 and its 200 day moving average is $41.14.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The company had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. NAPCO Security Technologies’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 12th. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s payout ratio is 42.11%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. TD Cowen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. DA Davidson restated a “buy” rating and set a $50.00 price target on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. Finally, Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.83.

Insider Activity

In related news, CEO Richard Soloway sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $42.74, for a total value of $6,411,000.00. Following the sale, the chief executive officer directly owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. This trade represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.65% of the company’s stock.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.