Insider Selling: Alpha Pro Tech (NYSE:APT) Director Sells 21,943 Shares of Stock

Alpha Pro Tech, Ltd. (NYSE:APT) Director Charles Montgomery sold 21,943 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $5.04, for a total transaction of $110,592.72. Following the completion of the sale, the director owned 25,281 shares of the company’s stock, valued at $127,416.24. This trade represents a 46.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Alpha Pro Tech Trading Down 1.9%

Shares of APT stock traded down $0.10 during trading hours on Wednesday, reaching $5.12. 10,196 shares of the stock were exchanged, compared to its average volume of 56,706. The firm has a market capitalization of $52.25 million, a price-to-earnings ratio of 13.84 and a beta of 0.91. Alpha Pro Tech, Ltd. has a 12-month low of $4.34 and a 12-month high of $7.50. The company’s 50-day moving average price is $5.20 and its 200-day moving average price is $5.18.

Institutional Investors Weigh In On Alpha Pro Tech

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Alpha Pro Tech during the 2nd quarter worth approximately $1,566,000. Renaissance Technologies LLC grew its position in Alpha Pro Tech by 4.0% in the 1st quarter. Renaissance Technologies LLC now owns 544,072 shares of the company’s stock valued at $2,416,000 after acquiring an additional 21,100 shares during the last quarter. Finally, Needham Investment Management LLC grew its position in Alpha Pro Tech by 1.2% in the 4th quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock valued at $2,853,000 after acquiring an additional 7,500 shares during the last quarter. 22.69% of the stock is currently owned by hedge funds and other institutional investors.

About Alpha Pro Tech

Alpha Pro Tech, Ltd. develops, manufactures and markets disposable protective products and building-supply materials for commercial, industrial, medical and consumer applications. The company serves customers through a combination of in-house manufacturing and distribution operations.

Its Disposable Protective Apparel and Infection Control products include protective coveralls, gowns, face masks, shoe and boot covers, bouffant caps, beard covers and other single-use apparel. These products are used in healthcare, pharmaceutical, laboratory, cleanroom, food-processing and industrial environments.

Through its Building Supply segment, Alpha Pro Tech offers weatherization products such as housewrap, synthetic roofing underlayment, flashing materials and related construction accessories.