Napco Security Technologies, Inc. (NASDAQ:NSSC) Short Interest Update

Napco Security Technologies, Inc. (NASDAQ:NSSC) was the target 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 sold short. 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

Shares of NASDAQ NSSC traded up $0.29 during midday trading on Wednesday, reaching $22.96. The company’s stock had a trading volume of 156,958 shares, compared to its average volume of 491,997. The company has a market cap of $835.77 million, a P/E ratio of 17.66 and a beta of 1.59. Napco Security Technologies has a fifty-two week low of $22.28 and a fifty-two week high of $58.09. The business’s 50 day moving average price is $26.66 and its two-hundred day moving average price is $34.04.

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

Napco Security Technologies Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, March 12th. Napco Security Technologies’s payout ratio is presently 38.46%.

Institutional Trading of Napco Security Technologies

Large investors have recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in Napco Security Technologies during the fourth quarter worth $32,000. Caption Management LLC acquired a new position in shares of Napco Security Technologies during the 4th quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Napco Security Technologies during the 4th quarter worth $53,000. Mpwm Advisory Solutions LLC acquired a new stake in Napco Security Technologies in the fourth quarter valued at about $54,000. Finally, Physician Wealth Advisors Inc. bought a new position in Napco Security Technologies in the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analysts Set New Price Targets

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

About Napco Security Technologies

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.