Alpha Pro Tech (NYSE:APT) Shares Down 1.7% – Here’s Why

Alpha Pro Tech, Ltd. (NYSE:APT)’s share price fell 1.7% during mid-day trading on Thursday . The stock traded as low as $5.34 and last traded at $5.34. 19,694 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 48,186 shares. The stock had previously closed at $5.43.

Analysts Set New Price Targets

Separately, StockNews.com cut Alpha Pro Tech from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 7th.

Alpha Pro Tech Price Performance

The company’s 50-day moving average price is $5.62 and its 200-day moving average price is $5.57. The company has a market cap of $58.30 million, a P/E ratio of 14.32 and a beta of -0.73.

Insiders Place Their Bets

In other news, Director David R. Garcia sold 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $5.48, for a total value of $27,400.00. Following the sale, the director now directly owns 9,413 shares in the company, valued at $51,583.24. The trade was a 34.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 14.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Pro Tech

Hedge funds and other institutional investors have recently bought and sold shares of the company. Linden Thomas Advisory Services LLC lifted its position in Alpha Pro Tech by 2.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 163,644 shares of the company’s stock worth $900,000 after buying an additional 3,511 shares in the last quarter. Needham Investment Management LLC raised its holdings in Alpha Pro Tech by 1.2% during the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock worth $3,477,000 after acquiring an additional 7,500 shares in the last quarter. Renaissance Technologies LLC boosted its position in Alpha Pro Tech by 1.3% during the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock valued at $3,478,000 after purchasing an additional 8,316 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Alpha Pro Tech by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after purchasing an additional 33,782 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Alpha Pro Tech by 32.9% during the 2nd quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock worth $877,000 after purchasing an additional 39,529 shares during the last quarter. Institutional investors and hedge funds own 22.69% of the company’s stock.

About Alpha Pro Tech

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.