Key Points
- Director David Garcia sold 4,900 shares of Alpha Pro Tech at an average price of $5.88, totaling about $28,812. After the transaction, he still owned 19,768 shares, a nearly 20% reduction in his stake.
- Alpha Pro Tech shares were up 12.9%, opening at $6.20, with the stock trading between a 52-week low of $4.25 and a high of $7.50.
- Institutional investors remain active in the stock, with firms like Needham Investment Management and Renaissance Technologies increasing holdings; institutions and hedge funds own about 22.69% of the company.
Alpha Pro Tech, Ltd. (NYSE:APT - Get Free Report) Director David Garcia sold 4,900 shares of the firm's stock in a transaction on Thursday, May 14th. The stock was 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 in the company, valued at approximately $116,235.84. The trade was a 19.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Alpha Pro Tech Stock Up 12.9%
Shares of NYSE:APT opened at $6.20 on Tuesday. Alpha Pro Tech, Ltd. has a 12 month low of $4.25 and a 12 month high of $7.50. The company's fifty day simple moving average is $4.91 and its 200 day simple moving average is $4.81. The firm has a market cap of $63.35 million, a price-to-earnings ratio of 16.76 and a beta of 0.80.
Institutional Investors Weigh In On Alpha Pro Tech
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Needham Investment Management LLC raised its holdings in shares of Alpha Pro Tech by 1.2% during the fourth quarter. Needham Investment Management LLC now owns 642,500 shares of the company's stock worth $2,853,000 after acquiring an additional 7,500 shares during the period. Renaissance Technologies LLC grew 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 valued at $2,416,000 after purchasing an additional 21,100 shares in the last quarter. NewEdge Advisors LLC grew its position in Alpha Pro Tech by 94.9% in the fourth quarter. NewEdge Advisors LLC now owns 32,814 shares of the company's stock valued at $146,000 after purchasing an additional 15,980 shares in the last quarter. Synovus Financial Corp bought a new position in Alpha Pro Tech in the third quarter valued at $120,000. Finally, Jane Street Group LLC bought a new position in Alpha Pro Tech in the first quarter valued at $117,000. 22.69% of the stock is currently owned by institutional investors and hedge funds.
Alpha Pro Tech Company Profile
(
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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