Divisadero Street Capital Management LP Buys 213,838 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Divisadero Street Capital Management LP raised its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 118.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 394,804 shares of the industrial products company’s stock after purchasing an additional 213,838 shares during the quarter. Napco Security Technologies makes up approximately 3.1% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 8th largest holding. Divisadero Street Capital Management LP’s holdings in Napco Security Technologies were worth $20,510,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in shares of Napco Security Technologies by 810.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 470 shares in the last quarter. Hollencrest Capital Management bought a new stake in Napco Security Technologies in the first quarter worth approximately $27,000. Whittier Trust Co. bought a new stake in Napco Security Technologies in the first quarter worth approximately $28,000. Quadrant Capital Group LLC lifted its stake in Napco Security Technologies by 332.9% in the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock valued at $25,000 after buying an additional 566 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of Napco Security Technologies during the 1st quarter worth approximately $46,000. Institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Price Performance

NSSC opened at $40.47 on Friday. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $58.09. The firm has a market capitalization of $1.49 billion, a PE ratio of 32.12 and a beta of 1.64. The company’s 50-day moving average is $49.34 and its 200 day moving average is $46.82.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The firm had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, analysts expect that Napco Security Technologies, Inc. will post 1.85 EPS for the current 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 given a $0.125 dividend. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, September 12th. Napco Security Technologies’s dividend payout ratio is presently 39.68%.

Wall Street Analysts Forecast Growth

NSSC has been the subject of several research analyst reports. DA Davidson lifted their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. TD Cowen began coverage on shares of Napco Security Technologies in a research note on Tuesday, May 28th. They issued a “buy” rating and a $60.00 price target for the company. Lake Street Capital reissued a “buy” rating and set a $60.00 price objective on shares of Napco Security Technologies in a research report on Tuesday. Needham & Company LLC raised their target price 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, Craig Hallum reaffirmed a “buy” rating and set a $65.00 price target (up from $50.00) on shares of Napco Security Technologies in a research note on Friday, May 24th. Three 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 MarketBeat, Napco Security Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $55.29.

Insider Buying and Selling at Napco Security Technologies

In other news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares in the company, valued at approximately $99,518.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.54% of the company’s stock.

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.