Key Points
- Alpha Pro Tech director Charles Montgomery sold 20,000 shares on May 12 at an average price of $6.25, generating about $125,000 in proceeds.
- After the sale, Montgomery still held 25,281 shares valued at roughly $158,006, representing a 44.17% reduction in his position.
- The stock last traded at $6.08, giving Alpha Pro Tech a market cap of about $62.1 million, while institutional investors own 22.69% of the company.
Alpha Pro Tech, Ltd. (NYSE:APT - Get Free Report) Director Charles Montgomery sold 3,886 shares of Alpha Pro Tech stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $7.03, for a total value of $27,318.58. Following the sale, the director directly owned 45,281 shares of the company's stock, valued at approximately $318,325.43. This represents a 7.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Alpha Pro Tech Stock Performance
Shares of APT opened at $6.08 on Thursday. The stock has a 50-day moving average of $4.87 and a two-hundred day moving average of $4.78. Alpha Pro Tech, Ltd. has a one year low of $4.25 and a one year high of $7.50. The stock has a market cap of $62.12 million, a P/E ratio of 16.43 and a beta of 0.80.
Hedge Funds Weigh In On Alpha Pro Tech
Several institutional investors and hedge funds have recently modified their holdings of APT. Synovus Financial Corp acquired a new position in shares of Alpha Pro Tech in the 3rd quarter valued at about $120,000. Jane Street Group LLC acquired a new position in shares of Alpha Pro Tech in the 1st quarter valued at about $117,000. NewEdge Advisors LLC lifted its holdings in shares of Alpha Pro Tech by 94.9% in the 4th quarter. NewEdge Advisors LLC now owns 32,814 shares of the company's stock valued at $146,000 after buying an additional 15,980 shares during the period. Finally, Needham Investment Management LLC lifted its holdings in shares of 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 buying an additional 7,500 shares during the period. Institutional investors and hedge funds own 22.69% of the company's stock.
About Alpha Pro Tech
(
Get Free Report)
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.
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