Nkcfo LLC Takes Position in Napco Security Technologies Inc (NSSC)
Nkcfo LLC bought a new stake in Napco Security Technologies Inc (NASDAQ:NSSC) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,000 shares of the industrial products company’s stock, valued at approximately $104,000.
Several other hedge funds have also modified their holdings of NSSC. Russell Investments Group Ltd. acquired a new stake in shares of Napco Security Technologies in the 3rd quarter valued at $131,000. BlackRock Inc. boosted its holdings in shares of Napco Security Technologies by 0.9% in the 3rd quarter. BlackRock Inc. now owns 969,675 shares of the industrial products company’s stock valued at $14,498,000 after purchasing an additional 9,110 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Napco Security Technologies by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 966,152 shares of the industrial products company’s stock valued at $14,444,000 after purchasing an additional 19,367 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Napco Security Technologies in the 3rd quarter valued at $205,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Napco Security Technologies in the 3rd quarter valued at $176,000. 36.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on NSSC shares. BidaskClub upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Canaccord Genuity increased their price target on Napco Security Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 5th. William Blair started coverage on Napco Security Technologies in a research note on Friday, January 11th. They issued an “outperform” rating and a $15.31 price target for the company. Zacks Investment Research upgraded Napco Security Technologies from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, March 13th. Finally, ValuEngine upgraded Napco Security Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.77.
Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 4th. The industrial products company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.07. Napco Security Technologies had a return on equity of 15.74% and a net margin of 10.14%. The company had revenue of $24.83 million during the quarter, compared to analysts’ expectations of $22.80 million. On average, research analysts anticipate that Napco Security Technologies Inc will post 0.59 earnings per share for the current fiscal year.
Napco Security Technologies declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 26th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In related news, insider Kevin S. Buchel sold 5,000 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $19.50, for a total transaction of $97,500.00. Following the completion of the transaction, the insider now directly owns 286,230 shares of the company’s stock, valued at approximately $5,581,485. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael Carrieri sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $19.57, for a total value of $489,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,823 shares of company stock valued at $750,251. 38.10% of the stock is owned by corporate insiders.
About Napco Security Technologies
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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