Magnetar Financial LLC Takes $891,000 Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Magnetar Financial LLC acquired a new position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,070 shares of the industrial products company's stock, valued at approximately $891,000. Magnetar Financial LLC owned 0.07% of Napco Security Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KBC Group NV boosted its holdings in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 424 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Napco Security Technologies in the third quarter worth approximately $2,644,000. Quest Partners LLC boosted its stake in Napco Security Technologies by 234.6% during the 3rd quarter. Quest Partners LLC now owns 6,786 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 4,758 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Napco Security Technologies by 109.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 579 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Napco Security Technologies in the 3rd quarter worth $634,000. 85.07% of the stock is owned by institutional investors.

Napco Security Technologies Price Performance

NASDAQ NSSC traded down $0.45 on Wednesday, hitting $23.82. 310,970 shares of the stock were exchanged, compared to its average volume of 458,297. The company's 50-day moving average price is $27.83 and its two-hundred day moving average price is $34.52. The company has a market capitalization of $867.07 million, a price-to-earnings ratio of 18.32 and a beta of 1.59. Napco Security Technologies, Inc. has a 52-week low of $23.00 and a 52-week high of $58.09.

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Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million during the quarter, compared to analysts' expectations of $49.93 million. During the same period last year, the company earned $0.34 earnings per share. Napco Security Technologies's revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts predict that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies's dividend payout ratio (DPR) is currently 38.46%.

Analysts Set New Price Targets

Several research analysts recently weighed in on NSSC shares. Lake Street Capital decreased their target price on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday. StockNews.com raised shares of Napco Security Technologies from a "sell" rating to a "hold" rating in a research note on Tuesday, December 3rd. Craig Hallum downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price on the stock. in a report on Tuesday, February 4th. Needham & Company LLC reduced their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, TD Cowen cut Napco Security Technologies from a "buy" rating to a "hold" rating and dropped their price target for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Napco Security Technologies currently has an average rating of "Hold" and an average price target of $35.50.

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.