Rice Hall James & Associates LLC Makes New Investment in NAPCO Security Technologies, Inc. $NSSC

Key Points

• Rice Hall James & Associates LLC acquired 153,577 shares of NAPCO Security Technologies, valued at approximately $5.83 million and representing about 0.43% of the company. Institutional investors collectively own 85.07% of NSSC.
• Analyst sentiment remains generally positive: six analysts rate the stock Buy and two rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of $48.67.
• NSSC opened at $38.06 and was down 0.7%, with a market capitalization of $1.36 billion and a 12-month trading range of $29.88 to $48.12.

Rice Hall James & Associates LLC bought a new position in shares of NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 153,577 shares of the industrial products company's stock, valued at approximately $5,833,000. Rice Hall James & Associates LLC owned approximately 0.43% of NAPCO Security Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its stake in NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock worth $25,000 after buying an additional 377 shares during the last quarter. KBC Group NV acquired a new stake in shares of NAPCO Security Technologies in the first quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new stake in shares of NAPCO Security Technologies in the third quarter valued at approximately $41,000. Blue Trust Inc. purchased a new position in shares of NAPCO Security Technologies during the first quarter worth approximately $44,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of NAPCO Security Technologies during the fourth quarter worth approximately $107,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NSSC has been the subject of several research reports. TD Cowen reiterated a "buy" rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Weiss Ratings reissued a "hold (c)" rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. DA Davidson restated a "buy" rating and issued a $52.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Finally, Wall Street Zen lowered shares of NAPCO Security Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $48.67.

NAPCO Security Technologies Trading Down 0.7%

NASDAQ:NSSC opened at $38.06 on Tuesday. The firm has a market cap of $1.36 billion, a P/E ratio of 36.60 and a beta of 1.45. The stock's 50 day simple moving average is $37.41 and its 200-day simple moving average is $40.08. NAPCO Security Technologies, Inc. has a 12-month low of $29.88 and a 12-month high of $48.12.

NAPCO Security Technologies Profile

NAPCO Security Technologies, Inc NASDAQ: NSSC is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company's product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO's offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.

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