Trexquant Investment LP Sells 20,507 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Trexquant Investment LP decreased its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,056 shares of the industrial products company’s stock after selling 20,507 shares during the period. Trexquant Investment LP’s holdings in Napco Security Technologies were worth $4,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NSSC. New Age Alpha Advisors LLC acquired a new stake in Napco Security Technologies during the 4th quarter valued at approximately $32,000. Physician Wealth Advisors Inc. bought a new stake in shares of Napco Security Technologies in the 4th quarter valued at $63,000. KBC Group NV increased its position in shares of Napco Security Technologies by 83.8% during the fourth quarter. KBC Group NV now owns 2,049 shares of the industrial products company’s stock worth $73,000 after buying an additional 934 shares during the period. Arcadia Investment Management Corp MI bought a new position in Napco Security Technologies during the fourth quarter worth $86,000. Finally, Farther Finance Advisors LLC lifted its holdings in Napco Security Technologies by 290.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,830 shares of the industrial products company’s stock valued at $101,000 after buying an additional 2,106 shares during the period. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Stock Down 4.2 %

Shares of NASDAQ:NSSC opened at $20.28 on Friday. The stock’s 50 day moving average is $25.75 and its 200-day moving average is $33.69. Napco Security Technologies, Inc. has a twelve month low of $19.63 and a twelve month high of $58.09. The firm has a market capitalization of $738.21 million, a price-to-earnings ratio of 15.60 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. Equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.47%. Napco Security Technologies’s dividend payout ratio (DPR) is currently 38.46%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Tuesday, February 4th. TD Cowen downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Needham & Company LLC cut their price target on Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Lake Street Capital lowered their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Finally, Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.50.

About Napco Security Technologies

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.