BNP Paribas Arbitrage SA trimmed its holdings in shares of Napco Security Technologies Inc (NASDAQ:NSSC) by 47.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,310 shares of the industrial products company’s stock after selling 1,181 shares during the period. BNP Paribas Arbitrage SA’s holdings in Napco Security Technologies were worth $39,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NSSC. EAM Global Investors LLC bought a new stake in shares of Napco Security Technologies during the 1st quarter worth $1,515,000. Bowling Portfolio Management LLC bought a new stake in Napco Security Technologies in the 2nd quarter valued at about $2,023,000. Granite Investment Partners LLC raised its stake in Napco Security Technologies by 87.8% in the 1st quarter. Granite Investment Partners LLC now owns 109,277 shares of the industrial products company’s stock valued at $2,266,000 after acquiring an additional 51,080 shares during the period. Wedge Capital Management L L P NC raised its stake in Napco Security Technologies by 104.2% in the 1st quarter. Wedge Capital Management L L P NC now owns 59,218 shares of the industrial products company’s stock valued at $1,228,000 after acquiring an additional 30,217 shares during the period. Finally, Handelsbanken Fonder AB bought a new stake in Napco Security Technologies in the 2nd quarter valued at about $890,000. Institutional investors own 43.34% of the company’s stock.
NSSC traded down $0.02 during midday trading on Friday, hitting $27.56. The stock had a trading volume of 128,855 shares, compared to its average volume of 245,282. Napco Security Technologies Inc has a 1 year low of $12.93 and a 1 year high of $34.91. The business has a fifty day moving average of $29.95 and a 200 day moving average of $26.26. The company has a market cap of $509.54 million, a P/E ratio of 41.76 and a beta of 0.59.
Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Napco Security Technologies had a return on equity of 18.83% and a net margin of 11.88%. The firm had revenue of $29.58 million during the quarter, compared to the consensus estimate of $29.47 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. On average, research analysts expect that Napco Security Technologies Inc will post 0.86 EPS for the current year.
A number of equities research analysts recently issued reports on the company. Canaccord Genuity boosted their price objective on Napco Security Technologies from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. ValuEngine lowered Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub lowered Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th. Finally, Lake Street Capital started coverage on Napco Security Technologies in a report on Tuesday, June 11th. They set a “buy” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $29.66.
Napco Security Technologies Profile
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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