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 growth in short interest during the month of March. As of March 15th, there was short interest totalling 3,050,000 shares, a growth of 32.0% from the February 28th total of 2,310,000 shares. Approximately 8.8% of the shares of the company are short sold. Based on an average daily volume of 537,000 shares, the days-to-cover ratio is currently 5.7 days.

Napco Security Technologies Stock Performance

NASDAQ NSSC traded down $0.35 during mid-day trading on Tuesday, reaching $22.67. 377,519 shares of the stock were exchanged, compared to its average volume of 492,907. The company has a market capitalization of $825.21 million, a P/E ratio of 17.44 and a beta of 1.59. The business’s 50 day moving average is $26.66 and its 200-day moving average is $34.04. Napco Security Technologies has a 1 year low of $22.36 and a 1 year high of $58.09.

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

Napco Security Technologies Announces Dividend

The firm also recently disclosed 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Wednesday, March 12th. Napco Security Technologies’s dividend payout ratio (DPR) is presently 38.46%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $27.00 in a research report on Tuesday, February 4th. Needham & Company LLC dropped their price objective on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research note on Tuesday, February 4th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Cowen cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP acquired a new position in Napco Security Technologies during the fourth quarter worth $10,427,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Napco Security Technologies during the fourth quarter worth about $54,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Napco Security Technologies by 9.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,459 shares of the industrial products company’s stock worth $2,363,000 after purchasing an additional 5,523 shares during the last quarter. Voloridge Investment Management LLC raised its position in shares of Napco Security Technologies by 11.9% during the 4th quarter. Voloridge Investment Management LLC now owns 309,821 shares of the industrial products company’s stock worth $11,017,000 after purchasing an additional 32,839 shares during the last quarter. Finally, Visionary Wealth Advisors lifted its stake in Napco Security Technologies by 19.5% in the 4th quarter. Visionary Wealth Advisors now owns 326,193 shares of the industrial products company’s stock valued at $11,599,000 after buying an additional 53,295 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.