Olympiad Research LP Has $750,000 Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Olympiad Research LP increased its position in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 118.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,542 shares of the industrial products company’s stock after purchasing an additional 10,058 shares during the period. Olympiad Research LP’s holdings in Napco Security Technologies were worth $750,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its stake in Napco Security Technologies by 3.8% in the 2nd quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 189 shares during the period. Epic Trust Investment Advisors LLC boosted its stake in Napco Security Technologies by 3.0% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 279 shares during the period. Quarry LP boosted its stake in Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares during the period. CWM LLC boosted its stake in Napco Security Technologies by 14.8% in the 2nd quarter. CWM LLC now owns 2,761 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 356 shares during the period. Finally, Allworth Financial LP boosted its stake in Napco Security Technologies by 18.9% in the 3rd quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.24% of the company’s stock.

Napco Security Technologies Price Performance

Shares of NSSC opened at $37.88 on Thursday. The company has a market capitalization of $1.39 billion, a PE ratio of 27.85 and a beta of 1.64. Napco Security Technologies, Inc. has a one year low of $22.73 and a one year high of $58.09. The company’s fifty day moving average price is $39.67 and its 200 day moving average price is $46.76.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The firm had revenue of $44.00 million during the quarter, compared to the consensus estimate of $46.56 million. Napco Security Technologies had a return on equity of 30.01% and a net margin of 26.43%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. Analysts anticipate that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.32%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Analyst Ratings Changes

A number of equities analysts recently commented on NSSC shares. Needham & Company LLC raised their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. StockNews.com lowered shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday. DA Davidson decreased their target price on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday. Lake Street Capital decreased their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, TD Cowen decreased their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

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.