PDT Partners LLC Makes New $1.48 Million Investment in Napco Security Technologies, Inc. (NASDAQ:NSSC)

PDT Partners LLC acquired a new position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 36,453 shares of the industrial products company's stock, valued at approximately $1,475,000. PDT Partners LLC owned 0.10% of Napco Security Technologies as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NSSC. Vanguard Group Inc. raised its position in Napco Security Technologies by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,556,134 shares of the industrial products company's stock worth $102,654,000 after purchasing an additional 102,010 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Napco Security Technologies by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,691 shares of the industrial products company's stock worth $872,000 after acquiring an additional 1,154 shares during the last quarter. Comerica Bank boosted its holdings in Napco Security Technologies by 19.1% during the 1st quarter. Comerica Bank now owns 2,586 shares of the industrial products company's stock valued at $104,000 after acquiring an additional 415 shares during the period. CWM LLC grew its position in Napco Security Technologies by 14.8% in the 2nd quarter. CWM LLC now owns 2,761 shares of the industrial products company's stock valued at $143,000 after acquiring an additional 356 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Napco Security Technologies by 14.5% in the second quarter. Linden Thomas Advisory Services LLC now owns 16,950 shares of the industrial products company's stock worth $881,000 after purchasing an additional 2,152 shares during the period. Institutional investors own 85.07% of the company's stock.

Napco Security Technologies Stock Performance

NASDAQ:NSSC traded up $0.72 during mid-day trading on Monday, hitting $39.95. 242,090 shares of the company's stock traded hands, compared to its average volume of 452,175. The company has a fifty day moving average of $39.00 and a 200 day moving average of $46.09. Napco Security Technologies, Inc. has a twelve month low of $31.14 and a twelve month high of $58.09. The company has a market capitalization of $1.47 billion, a P/E ratio of 29.38 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The business's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. On average, research analysts expect that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, December 12th. Napco Security Technologies's dividend payout ratio (DPR) is presently 36.76%.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the company'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 sale, the director now owns 2,681 shares in the company, valued at $99,518.72. This represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NSSC shares. StockNews.com downgraded shares of Napco Security Technologies from a "hold" rating to a "sell" rating in a research note on Monday, November 25th. Craig Hallum reduced their price objective on Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. DA Davidson lowered their target price on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Needham & Company LLC raised their price target on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, August 27th. Finally, TD Cowen lowered their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.14.

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.