Kennedy Capital Management LLC Sells 165,151 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Kennedy Capital Management LLC trimmed its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 35.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 297,514 shares of the industrial products company’s stock after selling 165,151 shares during the period. Kennedy Capital Management LLC owned about 0.81% of Napco Security Technologies worth $11,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Annex Advisory Services LLC increased its holdings in Napco Security Technologies by 13.3% during the fourth quarter. Annex Advisory Services LLC now owns 34,100 shares of the industrial products company’s stock worth $1,168,000 after buying an additional 3,990 shares during the last quarter. Sei Investments Co. purchased a new position in Napco Security Technologies in the first quarter valued at approximately $682,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Napco Security Technologies during the first quarter valued at $2,610,000. Wasatch Advisors LP raised its stake in shares of Napco Security Technologies by 13.3% in the fourth quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock valued at $19,571,000 after buying an additional 67,175 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Napco Security Technologies in the 4th quarter worth about $547,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Napco Security Technologies Trading Down 0.1 %

Shares of NASDAQ:NSSC traded down $0.05 on Tuesday, reaching $54.46. 249,579 shares of the company traded hands, compared to its average volume of 376,932. Napco Security Technologies, Inc. has a 52 week low of $17.76 and a 52 week high of $57.37. The business’s 50-day simple moving average is $52.29 and its 200 day simple moving average is $44.90. The stock has a market capitalization of $2.01 billion, a P/E ratio of 43.26 and a beta of 1.62.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.50% and a net margin of 25.58%. The firm had revenue of $49.30 million during the quarter, compared to the consensus estimate of $48.16 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts expect that Napco Security Technologies, Inc. will post 1.35 EPS for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, June 3rd. Napco Security Technologies’s payout ratio is 31.75%.

Insider Activity

In related news, CEO Richard Soloway sold 250,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the transaction, the chief executive officer now owns 1,406,010 shares in the company, valued at approximately $62,145,642. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Stephen M. Spinelli sold 3,000 shares of Napco Security Technologies stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total transaction of $156,390.00. Following the completion of the transaction, the senior vice president now directly owns 24,928 shares of the company’s stock, valued at approximately $1,299,496.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard Soloway sold 250,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at approximately $62,145,642. The disclosure for this sale can be found here. Insiders own 11.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NSSC. TD Cowen began coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 target price for the company. Craig Hallum reiterated a “buy” rating and issued a $65.00 price objective (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. DA Davidson initiated coverage on Napco Security Technologies in a research report on Friday, April 26th. They set a “buy” rating and a $52.00 target price on the stock. Needham & Company LLC raised their price target on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Lake Street Capital boosted their price objective on Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.14.

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.