Alpha Pro Tech (NYSE:APT) Trading 1.3% Higher – Here’s Why

Alpha Pro Tech, Ltd. (NYSE:APT – Get Free Report)’s stock price was up 1.3% on Tuesday . The stock traded as high as $5.69 and last traded at $5.62. Approximately 35,340 shares were traded during trading, a decline of 47% from the average daily volume of 66,738 shares. The stock had previously closed at $5.55.

Alpha Pro Tech Stock Down 4.0%

The company’s 50 day moving average price is $5.48 and its 200 day moving average price is $5.03. The firm has a market capitalization of $56.19 million, a price-to-earnings ratio of 14.86 and a beta of 0.87.

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Insider Activity

In related news, Director David R. Garcia sold 4,900 shares of Alpha Pro Tech stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $5.88, for a total transaction of $28,812.00. Following the completion of the sale, the director owned 19,768 shares of the company’s stock, valued at $116,235.84. The trade was a 19.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles D. Montgomery sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $6.25, for a total value of $125,000.00. Following the completion of the sale, the director owned 25,281 shares in the company, valued at approximately $158,006.25. This represents a 44.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 28,786 shares of company stock worth $181,131. Company insiders own 16.20% of the company’s stock.

Institutional Trading of Alpha Pro Tech

Several large investors have recently made changes to their positions in APT. Needham Investment Management LLC lifted its position in Alpha Pro Tech by 1.2% during the fourth quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock valued at $2,853,000 after purchasing an additional 7,500 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Alpha Pro Tech in the 2nd quarter valued at about $74,000. Renaissance Technologies LLC boosted its stake in shares of Alpha Pro Tech by 4.0% in the first quarter. Renaissance Technologies LLC now owns 544,072 shares of the company’s stock worth $2,416,000 after buying an additional 21,100 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Alpha Pro Tech during the first quarter worth about $117,000. 22.69% of the stock is owned by hedge funds and other institutional investors.

Alpha Pro Tech Company Profile

(Get Free Report)

Alpha Pro Tech Ltd is a Canada‐based specialty manufacturer of engineered polymer products that serve construction and healthcare markets. Through its two operating segments, the company develops, produces and markets synthetic materials used in residential and commercial construction as well as personal protective equipment and respiratory protection for industrial and medical applications.

In its Building Products segment, Alpha Pro Tech offers synthetic roofing underlayment, housewrap and related weatherproofing accessories designed to enhance moisture and air control in roof and wall assemblies.

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