Archon Capital Management LLC Takes Position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC)

Archon Capital Management LLC purchased a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 29,022 shares of the industrial products company’s stock, valued at approximately $282,000. NAPCO Security Technologies accounts for approximately 0.2% of Archon Capital Management LLC’s investment portfolio, making the stock its 22nd biggest position. Archon Capital Management LLC owned 0.15% of NAPCO Security Technologies as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Citigroup Inc. purchased a new position in shares of NAPCO Security Technologies in the second quarter valued at $100,000. South State Corp purchased a new position in shares of NAPCO Security Technologies in the second quarter valued at $103,000. Rhumbline Advisers purchased a new position in shares of NAPCO Security Technologies in the second quarter valued at $103,000. New York State Common Retirement Fund purchased a new position in shares of NAPCO Security Technologies in the second quarter valued at $119,000. Finally, KCG Holdings Inc. purchased a new position in shares of NAPCO Security Technologies in the first quarter valued at $143,000. Hedge funds and other institutional investors own 29.94% of the company’s stock.

Shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) opened at $9.55 on Wednesday. The company has a market capitalization of $188.49, a PE ratio of 31.25 and a beta of 0.56. NAPCO Security Technologies, Inc. has a 52-week low of $7.40 and a 52-week high of $10.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.77 and a current ratio of 5.89.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. NAPCO Security Technologies had a return on equity of 10.70% and a net margin of 6.70%. The firm had revenue of $21.17 million during the quarter, compared to analysts’ expectations of $21.56 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year.

Separately, Canaccord Genuity reiterated a “buy” rating and set a $12.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, September 5th.

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NAPCO Security Technologies 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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