Mesirow Financial Investment Management Inc. Decreases Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Mesirow Financial Investment Management Inc. decreased its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 24.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,638 shares of the industrial products company’s stock after selling 2,096 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Napco Security Technologies were worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tributary Capital Management LLC increased its position in shares of Napco Security Technologies by 99.1% in the first quarter. Tributary Capital Management LLC now owns 12,858 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 6,400 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Napco Security Technologies by 6.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 32,625 shares of the industrial products company’s stock worth $1,310,000 after purchasing an additional 1,931 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Napco Security Technologies in the 1st quarter valued at $270,000. Annex Advisory Services LLC increased its holdings in Napco Security Technologies by 588.0% in the 1st quarter. Annex Advisory Services LLC now owns 234,594 shares of the industrial products company’s stock valued at $9,421,000 after purchasing an additional 200,494 shares in the last quarter. Finally, Laurus Investment Counsel Inc. purchased a new position in Napco Security Technologies in the first quarter valued at about $1,786,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Stock Performance

Shares of NSSC stock traded up $0.40 during mid-day trading on Wednesday, reaching $54.06. 135,816 shares of the company were exchanged, compared to its average volume of 374,289. The business’s 50 day simple moving average is $48.24 and its 200 day simple moving average is $42.13. The company has a market capitalization of $1.99 billion, a P/E ratio of 42.91 and a beta of 1.62. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $54.66.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $49.30 million during the quarter, compared to analyst estimates of $48.16 million. Napco Security Technologies had a net margin of 25.58% and a return on equity of 30.50%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. On average, analysts forecast that Napco Security Technologies, Inc. will post 1.35 EPS for the current year.

Napco Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Monday, June 3rd. Napco Security Technologies’s dividend payout ratio is currently 31.75%.

Insider Buying and Selling at Napco Security Technologies

In other news, CEO Richard Soloway sold 50,000 shares of Napco Security Technologies stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $40.75, for a total value of $2,037,500.00. Following the completion of the transaction, the chief executive officer now owns 1,656,010 shares in the company, valued at approximately $67,482,407.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Lake Street Capital increased their target price on Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Craig Hallum reaffirmed a “buy” rating and issued a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. TD Cowen began coverage on shares of Napco Security Technologies in a research report on Tuesday, May 28th. They set a “buy” rating and a $60.00 target price on the stock. Needham & Company LLC raised their price target on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, DA Davidson started coverage on shares of Napco Security Technologies in a research note on Friday, April 26th. They set a “buy” rating and a $52.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.14.

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.