Renaissance Technologies LLC Boosts Position in NAPCO Security Technologies, Inc. (NSSC)
Renaissance Technologies LLC boosted its stake in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 244,572 shares of the industrial products company’s stock after buying an additional 5,272 shares during the period. Renaissance Technologies LLC owned 1.30% of NAPCO Security Technologies worth $2,495,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Algert Global LLC increased its position in NAPCO Security Technologies by 19.5% in the first quarter. Algert Global LLC now owns 47,191 shares of the industrial products company’s stock valued at $481,000 after buying an additional 7,716 shares during the period. O Shaughnessy Asset Management LLC increased its position in NAPCO Security Technologies by 65.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,395 shares of the industrial products company’s stock valued at $188,000 after buying an additional 7,250 shares during the period. Taylor Wealth Management Partners purchased a new position in NAPCO Security Technologies during the first quarter valued at $391,000. Cadence Capital Management LLC purchased a new position in NAPCO Security Technologies during the first quarter valued at $653,000. Finally, EAM Investors LLC purchased a new position in NAPCO Security Technologies during the first quarter valued at $598,000. Institutional investors and hedge funds own 25.14% of the company’s stock.
NAPCO Security Technologies, Inc. (NSSC) traded down 1.88% during trading on Wednesday, hitting $7.85. The stock had a trading volume of 20,461 shares. The stock’s 50 day moving average price is $9.25 and its 200 day moving average price is $9.56. NAPCO Security Technologies, Inc. has a 12-month low of $6.39 and a 12-month high of $10.95. The firm has a market cap of $147.93 million, a P/E ratio of 25.40 and a beta of 0.52.
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Separately, Canaccord Genuity started coverage on NAPCO Security Technologies in a research report on Wednesday, May 24th. They issued a “buy” rating and a $12.00 target price on the stock.
In other NAPCO Security Technologies news, Director Paul Stephen Beeber sold 2,886 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $9.20, for a total transaction of $26,551.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 37.81% of the company’s stock.
About NAPCO Security Technologies
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.
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