Emerald Mutual Fund Advisers Trust Has $8.14 Million Stock Holdings in NAPCO Security Technologies, Inc. $NSSC

Emerald Mutual Fund Advisers Trust reduced its holdings in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 16.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 189,495 shares of the industrial products company’s stock after selling 38,357 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in NAPCO Security Technologies were worth $8,139,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Bessemer Group Inc. lifted its stake in NAPCO Security Technologies by 13.6% in the second quarter. Bessemer Group Inc. now owns 14,772 shares of the industrial products company’s stock valued at $439,000 after acquiring an additional 1,763 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NAPCO Security Technologies in the 2nd quarter valued at about $345,000. XTX Topco Ltd lifted its stake in NAPCO Security Technologies by 170.7% in the 2nd quarter. XTX Topco Ltd now owns 52,897 shares of the industrial products company’s stock valued at $1,571,000 after purchasing an additional 33,358 shares during the last quarter. Geode Capital Management LLC grew its holdings in NAPCO Security Technologies by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock worth $30,630,000 after purchasing an additional 14,501 shares during the period. Finally, Copeland Capital Management LLC increased its position in NAPCO Security Technologies by 6.1% during the second quarter. Copeland Capital Management LLC now owns 1,585,684 shares of the industrial products company’s stock worth $47,079,000 after buying an additional 91,756 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $40.25, for a total transaction of $764,750.00. Following the completion of the sale, the senior vice president owned 928 shares of the company’s stock, valued at $37,352. This trade represents a 95.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.65% of the company’s stock.

Analyst Ratings Changes

NSSC has been the subject of several research analyst reports. Mizuho set a $48.00 target price on NAPCO Security Technologies and gave the stock an “outperform” rating in a research note on Friday, October 17th. Lake Street Capital reaffirmed a “buy” rating and set a $50.00 price objective (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Needham & Company LLC reiterated a “buy” rating and issued a $47.00 price objective on shares of NAPCO Security Technologies in a report on Thursday, November 20th. TD Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Finally, Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, NAPCO Security Technologies has an average rating of “Moderate Buy” and an average target price of $47.50.

NAPCO Security Technologies Stock Performance

Shares of NSSC opened at $39.67 on Friday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 32.25 and a beta of 1.52. NAPCO Security Technologies, Inc. has a 52 week low of $19.00 and a 52 week high of $48.12. The stock has a fifty day moving average of $40.91 and a 200-day moving average of $38.81.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 3rd. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The firm had revenue of $49.17 million for the quarter, compared to the consensus estimate of $46.81 million. During the same period in the previous year, the business earned $0.29 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current year.

NAPCO Security Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.56 annualized dividend and a yield of 1.4%. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.53%.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.