Insider Selling: Alpha Pro Tech (NYSE:APT) Director Sells $27,318.58 in Stock

Alpha Pro Tech, Ltd. (NYSE:APT) Director Charles Montgomery sold 3,886 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $7.03, for a total transaction of $27,318.58. Following the completion of the sale, the director directly owned 45,281 shares in the company, valued at approximately $318,325.43. This represents a 7.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Alpha Pro Tech Trading Down 6.6%

Shares of NYSE:APT opened at $5.49 on Friday. The company’s 50 day moving average is $4.89 and its two-hundred day moving average is $4.80. The company has a market cap of $56.09 million, a PE ratio of 14.84 and a beta of 0.80. Alpha Pro Tech, Ltd. has a 52 week low of $4.25 and a 52 week high of $7.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Needham Investment Management LLC grew its position in shares of Alpha Pro Tech by 1.2% in the 4th quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock valued at $2,853,000 after buying an additional 7,500 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Alpha Pro Tech in the 2nd quarter valued at $74,000. Renaissance Technologies LLC grew its position in shares of Alpha Pro Tech by 4.0% in the 1st quarter. Renaissance Technologies LLC now owns 544,072 shares of the company’s stock valued at $2,416,000 after buying an additional 21,100 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Alpha Pro Tech in the 1st quarter valued at $117,000. Finally, Synovus Financial Corp purchased a new position in Alpha Pro Tech during the 3rd quarter worth $120,000. 22.69% of the stock is owned by hedge funds and other institutional investors.

About Alpha Pro Tech

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.