Alpha Pro Tech (NYSE:APT) Trading Up 6.6% – What’s Next?

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

Alpha Pro Tech Stock Performance

The stock has a market cap of $54.15 million, a PE ratio of 14.32 and a beta of 0.87. The stock has a fifty day simple moving average of $5.22 and a two-hundred day simple moving average of $4.94.

Insider Activity at Alpha Pro Tech

In other news, Director Charles D. Montgomery sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $6.25, for a total transaction of $125,000.00. Following the completion of the transaction, the director directly owned 25,281 shares in the company, valued at approximately $158,006.25. This represents a 44.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David R. Garcia sold 4,900 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $5.88, for a total value of $28,812.00. Following the transaction, the director owned 19,768 shares of the company’s stock, valued at approximately $116,235.84. This trade represents a 19.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 28,786 shares of company stock valued at $181,131. Company insiders own 15.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Pro Tech

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new stake in shares of Alpha Pro Tech during the 2nd quarter valued at approximately $74,000. Jane Street Group LLC acquired a new stake in shares of Alpha Pro Tech during the 1st quarter valued at approximately $117,000. Synovus Financial Corp acquired a new stake in shares of Alpha Pro Tech during the 3rd quarter valued at approximately $120,000. Renaissance Technologies LLC increased its position in Alpha Pro Tech by 4.0% in the first 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 period. Finally, Needham Investment Management LLC lifted its stake in Alpha Pro Tech by 1.2% in the fourth 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. 22.69% of the stock is owned by institutional investors and hedge funds.

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.