Algert Global LLC boosted its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,081 shares of the industrial products company’s stock after buying an additional 2,890 shares during the period. Algert Global LLC’s holdings in NAPCO Security Technologies were worth $471,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Taylor Wealth Management Partners boosted its stake in 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 during the last quarter. Cadence Capital Management LLC purchased a new stake in NAPCO Security Technologies during the first quarter valued at approximately $653,000. EAM Investors LLC purchased a new stake in NAPCO Security Technologies during the first quarter valued at approximately $598,000. Goldman Sachs Group Inc. purchased a new stake in NAPCO Security Technologies during the first quarter valued at approximately $496,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in NAPCO Security Technologies during the second quarter valued at approximately $352,000. 24.60% of the stock is owned by hedge funds and other institutional investors.

Shares of NAPCO Security Technologies, Inc. (NSSC) opened at 8.65 on Friday. NAPCO Security Technologies, Inc. has a 1-year low of $6.39 and a 1-year high of $10.95. The firm has a 50-day moving average of $9.34 and a 200 day moving average of $9.57. The stock has a market capitalization of $163.00 million, a PE ratio of 27.99 and a beta of 0.52.

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Separately, Canaccord Genuity started coverage on shares of NAPCO Security Technologies in a research note on Wednesday, May 24th. They issued a “buy” rating and a $12.00 target price for the company.

In related news, Director Paul Stephen Beeber sold 2,886 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $9.20, for a total value of $26,551.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 37.81% of the stock is currently owned by corporate insiders.

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

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