Alpha Pro Tech (NYSE:APT) Director Charles Montgomery Sells 20,000 Shares
by Doug Wharley · The Cerbat GemAlpha Pro Tech, Ltd. (NYSE:APT – Get Free Report) Director Charles Montgomery sold 20,000 shares of Alpha Pro Tech 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 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 Securities & Exchange Commission, which is available at this link.
Alpha Pro Tech Stock Performance
Shares of Alpha Pro Tech stock traded down $0.36 during mid-day trading on Wednesday, hitting $6.00. 137,269 shares of the stock were exchanged, compared to its average volume of 62,909. Alpha Pro Tech, Ltd. has a 12 month low of $4.25 and a 12 month high of $7.50. The company has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $4.77. The company has a market capitalization of $61.25 million, a P/E ratio of 16.20 and a beta of 0.80.
Institutional Investors Weigh In On Alpha Pro Tech
Several large investors have recently modified their holdings of APT. NewEdge Advisors LLC grew its stake in 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 in the last quarter. Jane Street Group LLC purchased a new position in Alpha Pro Tech in the 1st quarter valued at approximately $117,000. Needham Investment Management LLC grew its stake 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 buying an additional 7,500 shares in the last quarter. Finally, Synovus Financial Corp purchased a new position in Alpha Pro Tech in the 3rd quarter valued at approximately $120,000. Hedge funds and other institutional investors own 22.69% of the company’s stock.
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.