Summit Creek Advisors LLC Increases Stake in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Summit Creek Advisors LLC increased its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSCGet Rating) by 70.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 737,575 shares of the industrial products company’s stock after purchasing an additional 305,458 shares during the period. Napco Security Technologies makes up about 1.7% of Summit Creek Advisors LLC’s portfolio, making the stock its 28th biggest position. Summit Creek Advisors LLC’s holdings in Napco Security Technologies were worth $15,135,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NSSC. Roubaix Capital LLC increased its stake in shares of Napco Security Technologies by 757.6% during the first quarter. Roubaix Capital LLC now owns 312,193 shares of the industrial products company’s stock valued at $6,406,000 after buying an additional 275,792 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Napco Security Technologies by 100.7% during the first quarter. Russell Investments Group Ltd. now owns 407,361 shares of the industrial products company’s stock valued at $8,358,000 after buying an additional 204,437 shares during the period. Handelsinvest Investeringsforvaltning increased its stake in shares of Napco Security Technologies by 88.6% during the first quarter. Handelsinvest Investeringsforvaltning now owns 330,000 shares of the industrial products company’s stock valued at $6,772,000 after buying an additional 155,000 shares during the period. Victory Capital Management Inc. increased its stake in shares of Napco Security Technologies by 54.6% during the first quarter. Victory Capital Management Inc. now owns 432,660 shares of the industrial products company’s stock valued at $8,403,000 after buying an additional 152,804 shares during the period. Finally, Taylor Frigon Capital Management LLC increased its stake in shares of Napco Security Technologies by 83.4% during the first quarter. Taylor Frigon Capital Management LLC now owns 304,392 shares of the industrial products company’s stock valued at $6,246,000 after buying an additional 138,452 shares during the period. Hedge funds and other institutional investors own 32.54% of the company’s stock.

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC opened at $26.09 on Friday. The company has a market cap of $958.29 million, a PE ratio of 57.34 and a beta of 1.36. The business has a 50-day simple moving average of $22.11 and a two-hundred day simple moving average of $20.36. Napco Security Technologies, Inc. has a fifty-two week low of $15.39 and a fifty-two week high of $26.89.

Napco Security Technologies (NASDAQ:NSSCGet Rating) last issued its quarterly earnings results on Monday, May 9th. The industrial products company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $35.91 million during the quarter, compared to the consensus estimate of $34.39 million. Napco Security Technologies had a return on equity of 13.51% and a net margin of 12.29%. During the same quarter last year, the company earned $0.12 earnings per share. On average, sell-side analysts predict that Napco Security Technologies, Inc. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NSSC shares. Needham & Company LLC raised their price target on Napco Security Technologies from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, August 1st. B. Riley upgraded Napco Security Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $28.00 in a research note on Monday, July 11th. Finally, TheStreet upgraded Napco Security Technologies from a “c+” rating to a “b-” rating in a research note on Monday, June 27th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Napco Security Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

About Napco Security Technologies

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Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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Institutional Ownership by Quarter for Napco Security Technologies (NASDAQ:NSSC)

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