NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Position Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 40.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,333 shares of the industrial products company’s stock after acquiring an additional 24,599 shares during the period. Bank of New York Mellon Corp owned 0.45% of NAPCO Security Technologies worth $803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers acquired a new stake in NAPCO Security Technologies in the 2nd quarter valued at about $103,000. KCG Holdings Inc. acquired a new stake in NAPCO Security Technologies during the first quarter worth approximately $143,000. Schwab Charles Investment Management Inc. acquired a new stake in NAPCO Security Technologies during the second quarter worth approximately $206,000. Wedge Capital Management L L P NC acquired a new stake in NAPCO Security Technologies during the second quarter worth approximately $300,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in NAPCO Security Technologies during the second quarter worth approximately $352,000. Institutional investors own 30.07% of the company’s stock.

NAPCO Security Technologies, Inc. (NASDAQ NSSC) traded down $0.10 during midday trading on Friday, hitting $9.40. 9,500 shares of the stock were exchanged, compared to its average volume of 42,267. The company has a current ratio of 5.89, a quick ratio of 2.39 and a debt-to-equity ratio of 0.06. NAPCO Security Technologies, Inc. has a 52 week low of $7.40 and a 52 week high of $10.95. The firm has a market capitalization of $179.06, a P/E ratio of 29.69 and a beta of 0.58.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $21.17 million during the quarter, compared to the consensus estimate of $21.56 million. NAPCO Security Technologies had a net margin of 6.70% and a return on equity of 10.70%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share.

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Separately, Canaccord Genuity reiterated a “buy” rating and issued a $14.00 price target on shares of NAPCO Security Technologies in a research report on Monday, November 6th.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc is a manufacturer of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold across the world principally to independent distributors, dealers and installers of security equipment.

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

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