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

Alpha Pro Tech, Ltd. (NYSE:APT)’s stock price fell 0.4% on Wednesday . The stock traded as low as $5.08 and last traded at $5.12. 10,342 shares traded 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 Down 0.4%

The stock has a market capitalization of $52.31 million, a price-to-earnings ratio of 13.84 and a beta of 0.87. The business’s 50-day moving average is $5.46 and its two-hundred day moving average is $5.10.

Insider Buying and Selling

In other news, Director Charles D. Montgomery sold 20,000 shares of the business’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 transaction, the director owned 25,281 shares of the company’s stock, valued at approximately $158,006.25. The trade was a 44.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David R. Garcia sold 4,900 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $5.88, for a total transaction of $28,812.00. Following the completion of the transaction, the director owned 19,768 shares in the company, valued at $116,235.84. The trade was a 19.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,786 shares of company stock worth $181,131 over the last three months. Corporate insiders own 16.20% of the company’s stock.

Institutional Investors Weigh In On Alpha Pro Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APT. NewEdge Advisors LLC purchased a new stake in Alpha Pro Tech in the second quarter valued at $74,000. Jane Street Group LLC acquired a new position in shares of Alpha Pro Tech in the 1st quarter valued at $117,000. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 21,100 shares during the period. Finally, Needham Investment Management LLC grew its holdings 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 purchasing an additional 7,500 shares during the period. Institutional investors and hedge funds own 22.69% of the company’s stock.

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.