Sei Investments Co. Acquires 14,985 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Sei Investments Co. raised its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 88.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,968 shares of the industrial products company's stock after acquiring an additional 14,985 shares during the period. Sei Investments Co. owned about 0.09% of Napco Security Technologies worth $1,661,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Hollencrest Capital Management bought a new stake in shares of Napco Security Technologies during the 1st quarter worth $27,000. First Horizon Advisors Inc. increased its holdings in Napco Security Technologies by 810.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company's stock worth $27,000 after acquiring an additional 470 shares during the last quarter. Whittier Trust Co. purchased a new stake in Napco Security Technologies in the 1st quarter worth about $28,000. EntryPoint Capital LLC purchased a new stake in Napco Security Technologies in the 1st quarter worth about $46,000. Finally, Bessemer Group Inc. purchased a new stake in Napco Security Technologies in the 1st quarter worth about $63,000. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Trading Up 1.0 %

Shares of NASDAQ NSSC traded up $0.40 during midday trading on Friday, hitting $38.59. 259,293 shares of the company's stock were exchanged, compared to its average volume of 456,697. Napco Security Technologies, Inc. has a 12-month low of $17.76 and a 12-month high of $58.09. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 30.63 and a beta of 1.64. The business's fifty day moving average price is $46.06 and its two-hundred day moving average price is $46.88.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $50.33 million during the quarter, compared to analyst estimates of $50.18 million. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities analysts expect that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were given a $0.125 dividend. This is an increase from Napco Security Technologies's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.30%. Napco Security Technologies's payout ratio is presently 39.68%.

Insider Buying and Selling

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NSSC shares. Lake Street Capital reissued a "buy" rating and issued a $60.00 price objective on shares of Napco Security Technologies in a report on Tuesday, September 17th. Needham & Company LLC lifted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, August 27th. Finally, DA Davidson lifted their target price on Napco Security Technologies from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.29.

About Napco Security Technologies

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.