Emerald Mutual Fund Advisers Trust Grows Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Emerald Mutual Fund Advisers Trust grew its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 170.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,936 shares of the industrial products company’s stock after purchasing an additional 252,252 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 1.09% of Napco Security Technologies worth $20,777,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on NSSC shares. DA Davidson raised their price target on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Craig Hallum restated a “buy” rating and issued a $65.00 price target (up previously from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. Needham & Company LLC increased their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Lake Street Capital boosted their price objective on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, TD Cowen assumed coverage on Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Napco Security Technologies currently has an average rating of “Moderate Buy” and an average price target of $55.29.

Insider Buying and Selling

In other Napco Security Technologies news, SVP Stephen M. Spinelli sold 3,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.13, for a total transaction of $156,390.00. Following the transaction, the senior vice president now directly owns 24,928 shares of the company’s stock, valued at $1,299,496.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.54% of the stock is owned by insiders.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $34.23 on Friday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 27.17 and a beta of 1.64. The company has a 50 day moving average price of $52.11 and a 200-day moving average price of $47.24. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a return on equity of 31.52% and a net margin of 26.38%. The company had revenue of $50.33 million during the quarter, compared to analysts’ expectations of $50.18 million. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, sell-side analysts anticipate that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. This is a boost from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio (DPR) is currently 39.68%.

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.