Raymond James Financial Services Advisors Inc. Buys New Stake in Napco Security Technologies Inc (NSSC)

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Raymond James Financial Services Advisors Inc. bought a new stake in Napco Security Technologies Inc (NASDAQ:NSSC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 14,500 shares of the industrial products company’s stock, valued at approximately $212,000. Raymond James Financial Services Advisors Inc. owned approximately 0.08% of Napco Security Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Napco Security Technologies in the 1st quarter valued at about $240,000. Deutsche Bank AG boosted its stake in shares of Napco Security Technologies by 328.4% in the 4th quarter. Deutsche Bank AG now owns 62,789 shares of the industrial products company’s stock valued at $547,000 after buying an additional 48,131 shares during the period. North Star Investment Management Corp. purchased a new position in shares of Napco Security Technologies in the 2nd quarter valued at about $1,279,000. Teton Advisors Inc. boosted its stake in shares of Napco Security Technologies by 2.1% in the 1st quarter. Teton Advisors Inc. now owns 276,551 shares of the industrial products company’s stock valued at $3,236,000 after buying an additional 5,794 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Napco Security Technologies by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 941,471 shares of the industrial products company’s stock valued at $11,015,000 after buying an additional 14,415 shares during the period. 32.69% of the stock is owned by institutional investors.

NSSC has been the subject of several recent research reports. BidaskClub upgraded Napco Security Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 3rd. ValuEngine upgraded Napco Security Technologies from a “hold” rating to a “buy” rating in a research note on Monday, June 18th.

Shares of NSSC opened at $15.40 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.76 and a quick ratio of 2.77. The stock has a market capitalization of $288.24 million, a PE ratio of 36.67 and a beta of 0.35. Napco Security Technologies Inc has a 1 year low of $7.90 and a 1 year high of $17.45.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Tuesday, September 4th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $27.26 million during the quarter. Napco Security Technologies had a net margin of 8.34% and a return on equity of 13.00%. During the same period in the previous year, the firm earned $0.17 EPS.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security 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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