Napco Security Technologies, Inc. (NASDAQ:NSSC) Short Interest Update

Napco Security Technologies, Inc. (NASDAQ:NSSC) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,180,000 shares, a decrease of 21.9% from the January 31st total of 2,790,000 shares. Based on an average daily volume of 482,300 shares, the short-interest ratio is presently 4.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Napco Security Technologies by 72,300.0% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 723 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Napco Security Technologies during the 4th quarter worth $32,000. Caption Management LLC purchased a new position in shares of Napco Security Technologies in the 4th quarter worth $33,000. First Horizon Advisors Inc. boosted its holdings in Napco Security Technologies by 109.7% in the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 579 shares during the last quarter. Finally, KBC Group NV grew its position in Napco Security Technologies by 61.4% during the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Performance

NASDAQ NSSC traded up $0.59 during mid-day trading on Thursday, reaching $24.93. 325,044 shares of the stock were exchanged, compared to its average volume of 599,250. The stock has a market capitalization of $907.29 million, a PE ratio of 19.17 and a beta of 1.64. Napco Security Technologies has a 1-year low of $23.00 and a 1-year high of $58.09. The business’s fifty day simple moving average is $30.71 and its 200 day simple moving average is $36.84.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The business had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same period in the prior year, the firm earned $0.34 EPS. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, analysts anticipate that Napco Security Technologies will post 1.24 EPS for the current year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is currently 38.46%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NSSC. Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Needham & Company LLC dropped their target price on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Craig Hallum downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a report on Tuesday, February 4th. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $27.00 in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.33.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.