Alpha Pro Tech (NYSE:APT) Shares Down 0.4% – Here’s What Happened

Alpha Pro Tech, Ltd. (NYSE:APT)’s stock price fell 0.4% during mid-day trading on Wednesday . The company traded as low as $5.08 and last traded at $5.12. Approximately 10,342 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 65,579 shares. The stock had previously closed at $5.14.

Alpha Pro Tech Stock Performance

The company has a market cap of $50.37 million, a PE ratio of 13.32 and a beta of 0.87. The firm has a fifty day simple moving average of $5.44 and a 200 day simple moving average of $5.11.

Insider Buying and Selling at Alpha Pro Tech

In other news, Director David R. Garcia sold 4,900 shares of the company’s stock in a transaction on 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 directly owned 19,768 shares in the company, valued at $116,235.84. This represents a 19.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles D. Montgomery sold 20,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $6.25, for a total value of $125,000.00. Following the completion of the transaction, the director directly owned 25,281 shares in the company, valued at $158,006.25. This trade represents a 44.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,786 shares of company stock valued at $181,131 over the last three months. Corporate insiders own 16.20% of the company’s stock.

Hedge Funds Weigh In On Alpha Pro Tech

Several hedge funds and other institutional investors have recently modified their holdings of APT. Needham Investment Management LLC increased its position in Alpha Pro Tech by 1.2% during the 4th quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock worth $2,853,000 after purchasing an additional 7,500 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Alpha Pro Tech in the second quarter valued at approximately $74,000. Renaissance Technologies LLC lifted its position in Alpha Pro Tech by 4.0% during the first 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 in the last quarter. Finally, Jane Street Group LLC acquired a new position in Alpha Pro Tech during the first quarter valued at approximately $117,000. 22.69% of the stock is owned by institutional investors and hedge funds.

Alpha Pro Tech Company Profile

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.