Catalyst Capital Advisors LLC Sells 1,225 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Catalyst Capital Advisors LLC lowered its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 24.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,775 shares of the industrial products company’s stock after selling 1,225 shares during the period. Catalyst Capital Advisors LLC’s holdings in Napco Security Technologies were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Napco Security Technologies by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 21,190 shares of the industrial products company’s stock worth $754,000 after purchasing an additional 1,804 shares during the period. Congress Asset Management Co. boosted its position in shares of Napco Security Technologies by 94.4% during the fourth quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company’s stock valued at $9,945,000 after buying an additional 135,802 shares during the period. Rhumbline Advisers boosted its position in shares of Napco Security Technologies by 1.9% during the fourth quarter. Rhumbline Advisers now owns 49,567 shares of the industrial products company’s stock valued at $1,763,000 after buying an additional 935 shares during the period. Stanley Laman Group Ltd. bought a new stake in shares of Napco Security Technologies during the fourth quarter valued at approximately $3,712,000. Finally, SkyOak Wealth LLC bought a new position in Napco Security Technologies in the fourth quarter worth approximately $273,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Napco Security Technologies Stock Performance

Shares of NASDAQ:NSSC opened at $25.65 on Tuesday. Napco Security Technologies, Inc. has a one year low of $24.90 and a one year high of $58.09. The company has a 50-day simple moving average of $33.70 and a 200-day simple moving average of $39.14. The stock has a market capitalization of $940.84 million, a price-to-earnings ratio of 19.73 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results 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 company 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 company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, research analysts forecast that Napco Security Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be given a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Napco Security Technologies’s dividend payout ratio is presently 38.46%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NSSC. StockNews.com raised Napco Security Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Craig Hallum downgraded shares of 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. DA Davidson cut their price objective on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC cut their price target 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. Finally, Lake Street Capital dropped their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.17.

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.