Granite Investment Partners LLC Has $2.32 Million Stake in NAPCO Security Technologies, Inc. (NSSC)
Granite Investment Partners LLC decreased its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,328 shares of the industrial products company’s stock after selling 37,946 shares during the period. Granite Investment Partners LLC’s holdings in NAPCO Security Technologies were worth $2,315,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Taylor Wealth Management Partners increased its stake in shares of NAPCO Security Technologies by 507.0% in the second quarter. Taylor Wealth Management Partners now owns 232,625 shares of the industrial products company’s stock valued at $2,187,000 after buying an additional 194,300 shares in the last quarter. Cadence Capital Management LLC bought a new stake in shares of NAPCO Security Technologies during the first quarter valued at $653,000. EAM Investors LLC bought a new stake in shares of NAPCO Security Technologies during the first quarter valued at $598,000. Goldman Sachs Group Inc. bought a new stake in shares of NAPCO Security Technologies during the first quarter valued at $496,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of NAPCO Security Technologies during the second quarter valued at $352,000. 24.60% of the stock is currently owned by institutional investors.
Shares of NAPCO Security Technologies, Inc. (NASDAQ NSSC) opened at 8.65 on Friday. The firm has a market capitalization of $163.00 million, a P/E ratio of 27.99 and a beta of 0.52. The firm’s 50-day moving average price is $9.34 and its 200 day moving average price is $9.57. NAPCO Security Technologies, Inc. has a 12 month low of $6.39 and a 12 month high of $10.95.
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Separately, Canaccord Genuity initiated coverage on NAPCO Security Technologies in a research report on Wednesday, May 24th. They set a “buy” rating and a $12.00 price target on the stock.
In other NAPCO Security Technologies news, Director Paul Stephen Beeber sold 2,886 shares of NAPCO Security Technologies stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $9.20, for a total value of $26,551.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 37.81% of the company’s stock.
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.
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