Arcadia Investment Management Corp MI Grows Position in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Arcadia Investment Management Corp MI grew its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 48.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,403 shares of the industrial products company’s stock after buying an additional 459 shares during the period. Arcadia Investment Management Corp MI’s holdings in Napco Security Technologies were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RiverPark Advisors LLC lifted its stake in Napco Security Technologies by 80.1% in the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 743 shares in the last quarter. Allworth Financial LP boosted its stake in Napco Security Technologies by 19.9% during the fourth quarter. Allworth Financial LP now owns 3,315 shares of the industrial products company’s stock worth $114,000 after buying an additional 550 shares during the last quarter. Spire Wealth Management purchased a new stake in Napco Security Technologies in the 4th quarter valued at $154,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Napco Security Technologies in the 3rd quarter worth $101,000. Finally, Tributary Capital Management LLC purchased a new position in shares of Napco Security Technologies during the 4th quarter worth $221,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Richard Soloway sold 50,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,010 shares of the company’s stock, valued at $67,482,407.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Kevin S. Buchel sold 10,000 shares of Napco Security Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now directly owns 112,739 shares of the company’s stock, valued at approximately $5,050,707.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Soloway sold 50,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00. Following the sale, the chief executive officer now owns 1,656,010 shares of the company’s stock, valued at approximately $67,482,407.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 343,200 shares of company stock worth $15,037,644. Corporate insiders own 11.54% of the company’s stock.

Napco Security Technologies Price Performance

Shares of NSSC stock traded up $0.18 on Thursday, hitting $44.63. The stock had a trading volume of 589,144 shares, compared to its average volume of 362,316. The firm has a market capitalization of $1.64 billion, a P/E ratio of 37.50 and a beta of 1.51. Napco Security Technologies, Inc. has a 1 year low of $17.76 and a 1 year high of $46.41. The company’s 50 day moving average price is $41.01 and its 200-day moving average price is $35.85.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $49.30 million for the quarter, compared to analyst estimates of $48.16 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, equities analysts forecast that Napco Security Technologies, Inc. will post 1.31 EPS for the current year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.90%. Napco Security Technologies’s dividend payout ratio is presently 33.61%.

Analysts Set New Price Targets

Several research firms recently issued reports on NSSC. StockNews.com cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. DA Davidson initiated coverage on shares of Napco Security Technologies in a research report on Friday, April 26th. They set a “buy” rating and a $52.00 price target on the stock. B. Riley increased their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday. Imperial Capital cut Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price for the company. in a research note on Tuesday, February 6th. Finally, Needham & Company LLC upped their price target on Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.83.

Napco Security Technologies Profile

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.