Alpha Pro Tech (NYSE:APT) Stock Price Up 1.3% – What’s Next?

Alpha Pro Tech, Ltd. (NYSE:APT) traded up 1.3% on Tuesday . The stock traded as high as $5.69 and last traded at $5.62. Approximately 35,340 shares changed hands during trading, a decline of 47% from the average session volume of 66,738 shares. The stock had previously closed at $5.55.

Alpha Pro Tech Trading Up 1.3%

The firm has a market cap of $57.42 million, a P/E ratio of 15.19 and a beta of 0.87. The stock has a 50 day simple moving average of $5.43 and a 200-day simple moving average of $5.02.

Insiders Place Their Bets

In related news, Director David R. Garcia sold 4,900 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were 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 $116,235.84. This represents a 19.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles D. Montgomery sold 20,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $6.25, for a total transaction of $125,000.00. Following the transaction, the director owned 25,281 shares of the company’s stock, valued at $158,006.25. This trade represents a 44.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 28,786 shares of company stock valued at $181,131. 16.20% of the stock is currently owned by insiders.

Institutional Trading of Alpha Pro Tech

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Alpha Pro Tech in the 1st quarter valued at about $117,000. NewEdge Advisors LLC bought a new stake in Alpha Pro Tech during the second quarter worth approximately $74,000. Needham Investment Management LLC raised 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. Finally, Renaissance Technologies LLC raised 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 purchasing an additional 21,100 shares during the period. 22.69% of the stock is currently 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.