Do New Strategic Changes Help Napco Security Technologies (NSSC)? – Yahoo Finance
Wasatch Global Investors, an asset management company, released its “Wasatch Micro Cap Value Fund” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund fell -3.13%, underperforming its benchmark index, the Russell Microcap Index, which declined -0.48%. Holdings in information technology, consumer discretionary, and zero exposure to the real estate sector were the sources of the fund’s strength in the quarter. In contrast, stock selection in health care and consumer staples and overweight position in industrials dragged the performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Wasatch Global Investors highlighted stocks like Napco Security Technologies, Inc. (NASDAQ:NSSC) in its Q3 2022 investor letter. Headquartered in Amityville, New York, Napco Security Technologies, Inc. (NASDAQ:NSSC) is an electronic security product manufacturer and distributor. On December 30, 2022, Napco Security Technologies, Inc. (NASDAQ:NSSC) stock closed at $27.48 per share. One-month return of Napco Security Technologies, Inc. (NASDAQ:NSSC) was 5.41% and its shares gained 12.46% of their value over the last 52 weeks. Napco Security Technologies, Inc. (NASDAQ:NSSC) has a market capitalization of $1.01 billion.
Wasatch Global Investors made the following comment about Napco Security Technologies, Inc. (NASDAQ:NSSC) in its Q3 2022 investor letter:
“Another meaningful contributor was Napco Security Technologies, Inc. (NASDAQ:NSSC). The company offers electronic security systems for access control, alarm warnings and video surveillance. With component prices elevated because of supply-chain constraints, Napco chose to temporarily sacrifice gross margins on its systems hardware in order to take market share from competitors. This strategy has now paid off in the form of higher-margin recurring revenues from the company’s growing installed base. Meanwhile, Napco has boosted hardware profitability through strategic price increases and improvements to the supply chain as demand remains strong, particularly in its school-security business.”
Phovoir/Shutterstock.com
Napco Security Technologies, Inc. (NASDAQ:NSSC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 15 hedge fund portfolios held Napco Security Technologies, Inc. (NASDAQ:NSSC) at the end of the third quarter, which was 8 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
George Soros Net Worth and Top Holdings
12 Best Performing Growth Stocks in 2022
Ken Fisher’s Growth Stocks
Disclosure: None. This article is originally published at Insider Monkey.
Related Quotes
The über-rich are keeping their powder dry in the new year, a poll of ultra-high-net-worth investors found. Then they'll "pounce."
Question: I was a victim of FOMO during the housing market craziness and bought a house for $200,000 over the asking price. Since it’s a rental property, if you sell at a loss, you may be able to write off some of the loss on the property sale for tax purposes.
“The Cinderella ride is over for Tesla, and Musk now needs to navigate the company through this Category 5 dark macro storm,” Tesla bull Dan Ives wrote in a Tuesday note.
In what hasn't been a common occurrence lately for Meta Platforms (NASDAQ: META) investors, their stock's price bounced higher on Tuesday. In contrast to the slumping S&P 500 index, the social media giant's shares gained nearly 4% on the day. Many employees of ByteDance, the Chinese company that operates the mega-popular TikTok short video sharing app, weren't doing the happy dance on Tuesday.
The big market headline last year has been the steady fall in stocks. The S&P 500 tumbled 19% for 2022, and the NASDAQ has fallen a disastrous 33%. And while recent data shows that there may be some hope on the inflation front, there may still be storm clouds massing for this year’s stock market. In times like these, it’s natural to turn to the high-yield dividend payers. These stocks offer the twin advantages of a steady income stream through regular, reliable dividend payments – and dividend y
Two top-notch dividend stocks, with yields of 7.2% and 8%, are ripe for the picking, while another income stock with a yield of nearly 70% could be in for a rough year.
Apple (NASDAQ: AAPL) stock tumbled 4% through 2 p.m. ET on Tuesday, knocking the tech titan below $2 trillion in market capitalization for the first time since 2021, and putting Apple stock a full one-third below the $3 trillion market cap it hit a year ago. As its first stock action of the new year, BNP downgraded Apple stock from outperform to neutral this morning, and slashed its price target on the tech giant by 22%, to just $140 a share. BNP's downgrade is certainly weighing on Apple stock today, but it's worth pointing out that BNP may only be reacting to other news that necessitated the downgrade.
The 98-year-old investing legend has spoken.
Tellurian Inc. (TELL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
CFRA Research Senior Equity Analyst Garrett Nelson joins Yahoo Finance Live to discuss Tesla's stock performance and how CEO Elon Musk acquiring Twitter has impacted the company.
(Bloomberg) — Former Federal Reserve Chair Alan Greenspan said a US recession is the “most likely outcome” as the central bank tightens monetary policy to curb inflation. Most Read from BloombergChina’s Foreign Minister Says ‘Deeply Impressed’ With AmericansShopify Tells Employees to Just Say No to MeetingsMcCarthy Loses Third Round of Voting for House SpeakerWhile the last two monthly reports showed a deceleration in consumer-price increases, “I don’t think it will warrant a Fed reversal that
AT&T (T) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Companies in The News Are: H, CHPT, NKLA, SO
This analyst says to keep an eye on Costco's stock for this important reason.
In this article, we will take a look at the 10 cheap semiconductor stocks to buy now. If you want to explore similar stocks, you can also take a look at 5 Cheap Semiconductor Stocks To Buy Now. The semiconductor industry is highly cyclical, meaning that demand for semiconductor products fluctuates in regular intervals. This […]
In this article, we will look at the 9 companies Jeff Bezos has invested in, in 2022. If you want to explore more companies that have attracted the attention of Bezos, you can also take a look at Jeff Bezos’ Investments in 2022: 4 Companies Bezos Is Investing In. Jeff Bezos is an American technology […]
Democrats released six years of Donald Trump’s income-tax returns on Friday, providing further insight into the former president’s tax situation. Trump and his wife, Melania, paid $0 in income taxes for 2020, according to a report released late Tuesday by the congressional Joint Committee on Taxation. The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, and deduction-related tax write-offs.
Warren Buffett is known for embracing a value investing model, which entails finding stocks that look undervalued relative to their intrinsic worth. It's why you'll often see stocks with low valuations in the Berkshire Hathaway portfolio. One of Buffett's newer positions in Berkshire is Brazilian fintech startup Nu Holdings (NYSE: NU), which saw its stock price fall nearly 60% in 2022 despite excellent performance.
In the latest trading session, Verizon Communications (VZ) closed at $40.12, marking a +1.83% move from the previous day.
Yahoo Finance Live anchors discuss why PayPal stock is up on Tuesday.