Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 82.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,449 shares of the industrial products company's stock after selling 66,036 shares during the quarter. Jump Financial LLC's holdings in Napco Security Technologies were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Napco Security Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,849,651 shares of the industrial products company's stock worth $101,334,000 after buying an additional 32,482 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Napco Security Technologies by 15.1% in the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock valued at $42,481,000 after purchasing an additional 156,495 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Napco Security Technologies by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,010,696 shares of the industrial products company's stock valued at $35,948,000 after purchasing an additional 51,661 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Napco Security Technologies by 24.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 617,660 shares of the industrial products company's stock worth $21,964,000 after purchasing an additional 121,113 shares during the last quarter. Finally, Emerald Advisers LLC grew its stake in shares of Napco Security Technologies by 5.3% during the fourth quarter. Emerald Advisers LLC now owns 535,092 shares of the industrial products company's stock worth $19,028,000 after purchasing an additional 26,835 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Lake Street Capital dropped their price target on Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Craig Hallum lowered 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 research report on Tuesday, February 4th. Finally, Needham & Company LLC reduced their price objective on shares of Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $35.50.

Napco Security Technologies Stock Performance

NASDAQ:NSSC traded up $0.11 during mid-day trading on Friday, hitting $22.88. 249,154 shares of the company's stock traded hands, compared to its average volume of 506,103. Napco Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $58.09. The company has a market cap of $832.85 million, a PE ratio of 17.60 and a beta of 1.51. The firm's 50 day simple moving average is $23.25 and its 200 day simple moving average is $31.56.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its 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). The company had revenue of $42.90 million during the quarter, compared to analysts' expectations of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. Napco Security Technologies's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. On average, research analysts expect that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, March 12th. Napco Security Technologies's dividend payout ratio is presently 38.46%.

Napco Security Technologies 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.