Napco Security Technologies Inc (NSSC) Position Increased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC boosted its holdings in shares of Napco Security Technologies Inc (NASDAQ:NSSC) by 104.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 59,218 shares of the industrial products company’s stock after buying an additional 30,217 shares during the period. Wedge Capital Management L L P NC’s holdings in Napco Security Technologies were worth $1,228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of Napco Security Technologies by 62,175.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 2,487 shares during the last quarter. Westwood Management Corp IL purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $415,000. Strs Ohio purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $190,000. Nkcfo LLC purchased a new stake in shares of Napco Security Technologies during the 1st quarter worth approximately $104,000. Finally, Geode Capital Management LLC boosted its stake in shares of Napco Security Technologies by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 131,378 shares of the industrial products company’s stock worth $2,069,000 after acquiring an additional 6,800 shares in the last quarter. 36.06% of the stock is currently owned by institutional investors.

NSSC traded up $0.69 during trading on Tuesday, hitting $26.76. The company’s stock had a trading volume of 887 shares, compared to its average volume of 113,718. The company has a market capitalization of $515.82 million, a PE ratio of 65.24 and a beta of 0.74. Napco Security Technologies Inc has a twelve month low of $11.51 and a twelve month high of $29.01.



Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The company had revenue of $25.10 million during the quarter, compared to the consensus estimate of $23.54 million. Napco Security Technologies had a return on equity of 17.34% and a net margin of 11.12%. Napco Security Technologies’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. As a group, research analysts anticipate that Napco Security Technologies Inc will post 0.64 earnings per share for the current year.

NSSC has been the subject of several research reports. Canaccord Genuity lifted their price objective on Napco Security Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 5th. BidaskClub upgraded Napco Security Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Finally, Zacks Investment Research upgraded Napco Security Technologies from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, Napco Security Technologies has an average rating of “Buy” and an average price target of $26.10.

In other Napco Security Technologies news, SVP Jorge Hevia sold 7,823 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $20.90, for a total value of $163,500.70. Following the completion of the transaction, the senior vice president now directly owns 164,820 shares in the company, valued at approximately $3,444,738. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 38.10% of the company’s stock.

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About Napco Security Technologies

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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Institutional Ownership by Quarter for Napco Security Technologies (NASDAQ:NSSC)

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