Short Interest in Napco Security Technologies, Inc. (NASDAQ:NSSC) Expands By 32.0%

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,050,000 shares, a growth of 32.0% from the February 28th total of 2,310,000 shares. Based on an average daily trading volume, of 537,000 shares, the days-to-cover ratio is presently 5.7 days. Approximately 8.8% of the company's shares are short sold.

Napco Security Technologies Price Performance

NSSC stock traded down $0.88 during trading hours on Friday, reaching $20.28. 769,310 shares of the stock were exchanged, compared to its average volume of 495,091. The company has a market cap of $738.21 million, a price-to-earnings ratio of 15.60 and a beta of 1.59. The firm's 50-day moving average is $25.75 and its 200-day moving average is $33.74. Napco Security Technologies has a 12 month low of $19.58 and a 12 month high of $58.09.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. As a group, equities research analysts forecast that Napco Security Technologies will post 1.24 earnings per share for the current year.

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Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th were issued a $0.125 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.47%. Napco Security Technologies's dividend payout ratio (DPR) is presently 38.46%.

Institutional Trading of Napco Security Technologies

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP bought a new stake in Napco Security Technologies during the 4th quarter worth about $10,427,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Napco Security Technologies in the fourth quarter valued at about $54,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Napco Security Technologies by 9.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,459 shares of the industrial products company's stock worth $2,363,000 after acquiring an additional 5,523 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in Napco Security Technologies by 11.9% during the fourth quarter. Voloridge Investment Management LLC now owns 309,821 shares of the industrial products company's stock worth $11,017,000 after acquiring an additional 32,839 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its position in Napco Security Technologies by 19.5% during the fourth quarter. Visionary Wealth Advisors now owns 326,193 shares of the industrial products company's stock valued at $11,599,000 after purchasing an additional 53,295 shares during the last quarter. Institutional investors own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NSSC shares. Lake Street Capital reduced their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Needham & Company LLC reduced their price target on shares of Napco Security Technologies from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. TD Cowen cut shares of Napco Security Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Cowen downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Craig Hallum cut Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price for the company. in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $35.50.

About Napco Security Technologies

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.