Alpha Pro Tech (NYSE:APT) Trading 6.6% Higher – Still a Buy?

Shares of Alpha Pro Tech, Ltd. (NYSE:APT) traded up 6.6% during trading on Monday . The company traded as high as $5.59 and last traded at $5.47. 110,500 shares were traded during mid-day trading, an increase of 62% from the average session volume of 68,055 shares. The stock had previously closed at $5.13.

Alpha Pro Tech Stock Up 6.6%

The stock has a market cap of $55.89 million, a price-to-earnings ratio of 14.78 and a beta of 0.87. The business’s 50 day simple moving average is $5.19 and its 200 day simple moving average is $4.93.

Insider Transactions at Alpha Pro Tech

In other news, Director Charles D. Montgomery sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $6.25, for a total transaction 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 trade represents a 44.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David R. Garcia sold 4,900 shares of the firm’s 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 sale, the director owned 19,768 shares of the company’s stock, valued at approximately $116,235.84. This represents a 19.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 28,786 shares of company stock valued at $181,131. 15.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Alpha Pro Tech

A number of hedge funds have recently modified their holdings of APT. Jane Street Group LLC acquired a new stake in shares of Alpha Pro Tech during the 1st quarter worth about $117,000. NewEdge Advisors LLC acquired a new stake in shares of Alpha Pro Tech during the 2nd quarter worth about $74,000. Synovus Financial Corp acquired a new stake in shares of Alpha Pro Tech during the 3rd quarter worth about $120,000. Needham Investment Management LLC lifted its stake in shares of 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 buying an additional 7,500 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Alpha Pro Tech by 4.0% during the 1st 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. Institutional investors and hedge funds own 22.69% of the company’s stock.

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.