Short Interest in Napco Security Technologies, Inc. (NASDAQ:NSSC) Expands By 32.0%

Napco Security Technologies, Inc. (NASDAQ:NSSC) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 3,050,000 shares, an increase of 32.0% from the February 28th total of 2,310,000 shares. Based on an average trading volume of 537,000 shares, the short-interest ratio is currently 5.7 days. Currently, 8.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several research firms recently commented on NSSC. Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Lake Street Capital lowered their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. TD Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. StockNews.com upgraded shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Craig Hallum lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.50.

Institutional Trading of Napco Security Technologies

A number of hedge funds have recently bought and sold shares of the business. New Age Alpha Advisors LLC purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at $32,000. Caption Management LLC purchased a new stake in Napco Security Technologies during the fourth quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Napco Security Technologies in the fourth quarter worth about $53,000. Mpwm Advisory Solutions LLC purchased a new position in Napco Security Technologies in the fourth quarter valued at about $54,000. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Napco Security Technologies during the 4th quarter valued at approximately $63,000. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Stock Performance

Shares of Napco Security Technologies stock traded down $0.08 during trading hours on Monday, reaching $23.02. The company’s stock had a trading volume of 470,278 shares, compared to its average volume of 492,149. The company has a market capitalization of $837.95 million, a P/E ratio of 17.71 and a beta of 1.59. The stock’s fifty day simple moving average is $27.15 and its two-hundred day simple moving average is $34.25. Napco Security Technologies has a one year low of $22.35 and a one year high of $58.09.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million for the quarter, compared to the consensus estimate of $49.93 million. During the same quarter last year, the company posted $0.34 EPS. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. As a group, research analysts forecast that Napco Security Technologies will post 1.24 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio is presently 38.46%.

Napco Security Technologies Company Profile

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.