Jump Financial LLC Sells 16,404 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Posted by Defense World Staff on Aug 8th, 2023

Jump Financial LLC lessened its position in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC – Free Report) by 60.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,796 shares of the industrial products company’s stock after selling 16,404 shares during the quarter. Jump Financial LLC’s holdings in Napco Security Technologies were worth $406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its holdings in Napco Security Technologies by 190.5% in the first quarter. Advisor Group Holdings Inc. now owns 13,579 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 8,905 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Napco Security Technologies by 69.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,500 shares of the industrial products company’s stock worth $298,000 after buying an additional 5,920 shares during the last quarter. Bank of New York Mellon Corp increased its position in Napco Security Technologies by 104.2% during the 1st quarter. Bank of New York Mellon Corp now owns 110,014 shares of the industrial products company’s stock valued at $2,258,000 after buying an additional 56,142 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Napco Security Technologies by 95.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,628 shares of the industrial products company’s stock valued at $505,000 after buying an additional 12,014 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Napco Security Technologies by 2.9% in the first quarter. HighTower Advisors LLC now owns 66,210 shares of the industrial products company’s stock worth $1,360,000 after acquiring an additional 1,884 shares in the last quarter. Hedge funds and other institutional investors own 91.27% of the company’s stock.

Napco Security Technologies Price Performance

NASDAQ:NSSC opened at $36.70 on Tuesday. The company’s fifty day moving average price is $36.36 and its 200-day moving average price is $34.33. Napco Security Technologies, Inc. has a 1-year low of $24.24 and a 1-year high of $41.25. The firm has a market capitalization of $1.35 billion, a P/E ratio of 41.24 and a beta of 1.10.

Napco Security Technologies (NASDAQ:NSSC – Get Free Report) last announced its quarterly earnings results on Monday, May 8th. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $43.53 million for the quarter, compared to the consensus estimate of $42.16 million. Napco Security Technologies had a return on equity of 26.33% and a net margin of 19.71%. During the same period last year, the firm earned $0.08 EPS. Equities analysts anticipate that Napco Security Technologies, Inc. will post 0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 22nd Century Group reaffirmed a “reiterates” rating on shares of Napco Security Technologies in a research report on Thursday, May 18th. StockNews.com began coverage on shares of Napco Security Technologies in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, Craig Hallum began coverage on shares of Napco Security Technologies in a report on Monday. They set a “buy” rating and a $50.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.40.

Read Our Latest Research Report on NSSC

Napco Security Technologies Profile

(Free Report)

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.