Raffles Associates LP Makes New Investment in NAPCO Security Technologies, Inc. $NSSC

Raffles Associates LP acquired a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the second quarter, Holdings Channel reports. The fund acquired 24,424 shares of the industrial products company’s stock, valued at approximately $928,000. NAPCO Security Technologies comprises 0.8% of Raffles Associates LP’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 377 shares during the period. ProShare Advisors LLC lifted its holdings in shares of NAPCO Security Technologies by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,313 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 407 shares in the last quarter. Legal & General Group Plc grew its position in NAPCO Security Technologies by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock valued at $1,887,000 after purchasing an additional 430 shares during the period. Alliancebernstein L.P. grew its position in NAPCO Security Technologies by 1.3% in the 3rd quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock valued at $1,582,000 after purchasing an additional 474 shares during the period. Finally, Quantinno Capital Management LP increased its stake in NAPCO Security Technologies by 3.2% during the 1st quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 596 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

NSSC has been the topic of several research reports. Wall Street Zen downgraded shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. DA Davidson set a $52.00 target price on NAPCO Security Technologies in a research report on Tuesday. Benchmark restated a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday. Finally, TD Cowen restated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.40.

NAPCO Security Technologies Price Performance

Shares of NASDAQ NSSC opened at $35.28 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 29.16 and a beta of 1.45. NAPCO Security Technologies, Inc. has a one year low of $33.91 and a one year high of $51.77. The business’s fifty day moving average price is $37.49 and its 200-day moving average price is $39.85.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The business had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. During the same period in the prior year, the company earned $0.33 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts expect that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 56.20%.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.